HENAN HONGDA CABLE EXPORT ABC CABLE TO NIGERIA
According to the Herald of Nigeria, the World Bank has approved the provision of 750 million US dollars of credit support to the Nigerian power sector, and said that the country lost about 28 billion US dollars annually due to power shortage. At the same time, the Senate investment committee on power reported that only two of Nigeria's six power generation companies had achieved the expected goal. The two companies are Transcorp Power and Geregu Power.
The World Bank said in a statement that about 47% of Nigerians could not access electricity through the grid, while others often faced power outages. In addition, Nigeria's annual economic losses due to power shortage are about 28 billion US dollars. According to the Business Environment Report 2022, the inability to obtain sufficient power supply is one of the main factors restricting the development of the private sector. The loan with the pseudonym of "promoting the operation of the power sector" will improve the reliability of Nigeria's power supply and promote the development of Nigeria's economy.
High-quality overhead ABC aerial bundle cables produced by Hongda Cable are exported to Nigeria, providing strong support for the power consumption of all Nigerians and win-win cooperation.
