BREAKING NEWS: African Development Bank Approves $500 Million Loan for Economic and Energy Transition

The African Development Bank Group has granted a $500 million loan to the Federal Government for the first phase of the Economic Governance and Energy Transition Support Programme.

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This substantial funding aims to bolster economic reforms and facilitate a shift towards sustainable energy solutions.

The initiative is expected to enhance governance structures and support energy transition efforts, marking a significant step towards long-term economic stability and environmental sustainability.

This development underscores the Bank’s commitment to supporting transformative projects in the region.