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Highlights – Board Meeting of 29 November 2018
Board members welcomed the project that seeks to provide better access to electricity for rural populations in Nigeria. They noted the challenges related to the transmission and distribution of electricity in the country and invited Management to find appropriate solutions. Executive Directors also urged Management to take the necessary measures to ensure the sustainability of the project, to engage with the private sector for greater involvement and to pay particular attention to gender issues, fair pricing and coordination with other development partners, including the World Bank. At the end of the deliberations, the Board approved a loan to the Federal Republic of Nigeria to finance the electrification project in the country.