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FG cancels $717.7m World Bank...

The Federal Government has cancelled $717.7 million...

The Girl Who Escaped The...

The Girl Who Escaped The Eagle’s Nest:...

FG cancels $717.7m World Bank Power Sector loan amid reform setbacks

The Federal Government has cancelled $717.7 million in undisbursed World Bank intervention funds meant to support reforms in Nigeria’s troubled electricity sector. The decision followed a formal request by the Federal Government and a joint agreement with the World Bank to discontinue financing under the Power Sector Recovery Performance-Based Operation after key reform targets failed to materialise amid changing realities in the sector. Documents obtained from the World Bank showed that the cancellation affects the remaining balance of a broader $1.52 billion power sector recovery programme. “The restructuring will result in the...
Abdullahi Mustapha Haruna -
Local

Adamawa 2023 Poll:...

Adamawa 2023 Poll: APC power tussle worsens over guber ticket  The crisis rocking the Adamawa State Chapter of the All Progressives Congress (APC) has deepened...
Gift Luckson -
Local

Is the $5.8...

Is the $5.8 billion Mambila Power Project a fraud? (Video) Story from Saleh INUWA, Kano What actually is the true position of the much talked about...
Maryam Umar -
Africa

Coup Attempt: Military...

Army putschists in Guinea said on Sunday they had arrested the president and staged a coup, in the latest political upheaval to roil the...
Neptune Prime -
Local

State of the...

Story from Ahmad SAKA, Bauchi Following agitations for the breakup of Nigeria by some groups, Professor Mansur Usman Malumfashi, has challenged members of the National...
Gift Luckson -
Local

2023 Presidency: Power...

Zamfara state governor, Bello Matawalle has stated that the north is the cause of some of the problems witnessed in the nation, and because...
Gift Luckson -
Local

Why North will...

Story from Saleh INUWA, Kano An elder statesman and former Vice-Chancellor of Ahmadu Bello University, Zaria, Professor Ango Abdullahi said the North has completely lost...
Maryam Umar -
Columns

On being angry...

Let’s get it right from the start. Nigeria has been a huge disappointment to her citizens, and no one, not even those in the...
Salim Sani -
Local

Ganduje has gone...

Story from Saleh INUWA, Kano Kano is tensed politically as the unguided manner exhibited by Governor Abdullahi Umar Ganduje where he openly matched on former...
Maryam Umar -
International

Israel’s Netanyahu out,...

Benjamin Netanyahu’s 12-year hold on power as Israel’s prime minister ended on Sunday with parliament approving a new government of change. led by nationalist Naftali...
Gift Luckson -
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