Nigeria: CBN to Increase N300 Billion Power Fund

16 January 2013

The Central Bank of Nigeria (CBN) said it plans to extend the N300 billion Power and Airline Fund (PAIF) with a view to increasing available funds for power sector projects and further create amenable structures directly suitable to the peculiarities of the power sector.

The extension is one of the major plans of the apex's bank and banking sector's economic development programme for this year.

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