Nigeria in Talks With China for $2 Billion Loan for Super Grid

Nigeria is in talks with China’s Export and Import Bank for a $2 billion loan to build a new super grid to reduce power shortages that have curtailed economic growth for decades.

The new power line will serve the eastern and western regions of the country - where most industrial consumers are situated, Nigeria’s Minister of Power Adebayo Adelabu said at an economic summit in Abuja on Monday. “It’s part of plans to decentralize power generation in Nigeria” and get the heavy commercial users that left the power grid because of its unreliability to return, he said.