IFC gives conditions to provide support for Nigeria’s power sector

The International Finance Corporation, a member of the World Bank Group, says it is ready to assist Nigeria to develop its power sector if necessary challenges in the sector are settled, Eagle Online reports.

The IFC Country Manager in Nigeria, Essien Lore, gave the assurance at the 5th Annual Powering Africa Nigeria Conference in Abuja on Thursday. Lore said that the challenge with the nation’s power sector was not just the issue of liquidity, but sectoral issues. She identified sectoral deficit, inadequate gas supply, sectoral governance, transmission bottlenecks and inadequate generation as major challenges bedeviling the sector.

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