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Nigeria seeks $2B Chinese loan for super grid to end power crises, but success depends on transparent management and proven models.
Nigeria is negotiating a $2 billion loan with China’s Exim Bank to build a nationwide super grid, aiming to fix decades of power instability by linking industrial corridors with high-voltage transmission, integrating renewables, and reducing blackouts.
Despite over $25 billion in past investments and repeated reforms, systemic issues like corruption, gas shortages, and poor management have left the grid underperforming.
Experts stress that success hinges not on funding alone but on adopting Build-Operate-Transfer models used in Ethiopia, Pakistan, and Uganda, which ensure long-term operation, accountability, and local capacity building.
The project, part of President Tinubu’s energy reforms, could cut annual economic losses exceeding $25 billion, create jobs, and boost industrial growth—provided transparent contracts, independent oversight, and professional management are enforced.
Nigeria busca un préstamo chino de $ 2 mil millones para una super red para poner fin a las crisis de energía, pero el éxito depende de una gestión transparente y modelos probados.