Nigeria, Oct. 7 -- Nigeria is in serious talks with China's Export-Import Bank for a $2 billion loan meant to build a new super grid transforming Nigeria's electricity infrastructure.

The project, for decades, has aimed to address the unrelenting power outages that have hampered industrial expansion and economic growth.



According to the Minister of Power, Adebayo Adelabu, the planned grid would connect the eastern and western areas of the country, where most of Nigeria's major industries are found. Adelabu said during an economic summit in Abuja that the scheme is part of a larger strategy to decentralize electricity generation and promote manufacturers and big organizations to reconnect to the national grid after years of reliance o...