Lagos - Nigerian and foreign banks have continued to refuse loan requests from investors in the power sector.
The refusal might not be unconnected with the opposition that followed the recent hike in electricity tariff in the country, reports New Telegraph.
Most of the banks believe electricity tariff order in operations in Nigeria could not guarantee good return on investments.
Some of the banks that granted loans to the power firms in 2013 during the privatization process have been finding it difficult to recoup their money from the firms.
Read more at New Telegraph.
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