Nigeria to seek loan from US Export-Import Bank to fund solar projects developed by Sun Africa
The Federal Government through the Finance Ministry is expected within the next 60 days to send a final commitment application to the American Export-Import Bank to fund a solar project in Nigeria, for Nigeria’s Niger Delta Power Holding Co.
This was disclosed by Bloomberg on Monday evening after an email from Adam Cortese, chief executive officer of United States-based Sun Africa.
The company will develop solar power facilities for Nigeria’s Niger Delta Power Holding Co, coming days after an earlier report claimed that the FG is securing $1.5 billion from the US Exim bank for the project.
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