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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 -
News

Transparency group takes...

Transparency group takes power ministry, NBET to court over alleged ₦128bn discrepancy   The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the...
Tawheed Yakub -
International

World’s largest nuclear...

World’s largest nuclear power plant to restart in Japan Japan has restarted operations at the Kashiwazaki-Kariwa Nuclear Power Plant, the world’s largest nuclear facility, nearly...
Abdullahi Mustapha Haruna -
News

The needless traditional...

The needless traditional rulers power tussle in Yoruba land, by Kazeem Akintunde In the last couple of months following the installation of Oba Akeem Owoade as...
Abdullahi Mustapha Haruna -
Opinion

Power, Pretence and...

Power, Pretence and the Politics of Intervention: Western Democracy, Imperial Logic, and the Crises of Venezuela and Nigeria,by Ahmad Shuaibu Isa Before exploring the subject, it...
Abdullahi Mustapha Haruna -
Opinion

Game of Power:...

Game of Power: Throne reclaim, by Abba Dukawa Kano politics has been thrown into fresh uncertainty following reports that the Kano State Governor, Abba Yusuf,...
Tawheed Yakub -
News

Minister of Power...

Minister of Power assures Nigerians of grid recovery within two days The Minister of Power, Chief Adebayo Adelabu, has assured Nigerians that the recent disruption...
Maryam Umar -
Judicial Reports

Rivers emergency ruling...

Rivers emergency ruling sparks outrage: Supreme court accused of rubber-stamping executive power after crisis expired The Supreme Court’s judgment on the Rivers State emergency declaration...
Maryam Umar -
Roots

Nafisa al-Bayda’s journey...

Nafisa al-Bayda's journey from servitude to remarkable wealth and power, by Gift Luckson Nafisa al-Bayda (1768 - 1816), was the spouse of the Egyptian Mamluk leaders Ali...
Maryam Umar -
From The Archives

Hillary & Bill:...

Hillary & Bill: How love and loyalty shaped a political power couple On May 29, 1974, a twenty-six-year-old Hillary Rodham made a decision that stunned...
Maryam Umar -
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