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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

Nationwide power shutdown...

Nationwide power shutdown looms as NUEE protests alleged police assault on workers The country may soon face a major power crisis as the National Union...
Maryam Umar -
News

AEDC lays off...

AEDC lays off 800 workers amid Nigeria’s power sector turmoil Story by Okafor Vivian  The Abuja Electricity Distribution Company (AEDC) has embarked on a large-scale retrenchment...
Maryam Umar -
International

Army colonel sworn...

Army colonel sworn in as Madagascar’s president following youth-led protests Army colonel Michael Randrianirina has been sworn in as Madagascar’s president just days after a...
Maryam Umar -
News

Nigeria seeks $2...

‎Nigeria seeks $2 billion China loan to construct power 'super grid' ‎ ‎The Federal Government is in advanced discussions with the Export-Import Bank of China for...
Maryam Umar -
Opinion

Nigeria’s Next Political...

Nigeria's Next Political Reckoning: Between power and possibility, by Ahmad Shuaibu Isa The Politics of Self-Centredness: A Societal Undercurrent In every society, no matter how democratic,...
Salim Sani -
Opinion

When silence bleeds:...

When silence bleeds: memory, power, and the martyrs of Zaria 25 July 2014, by Ahmad Shuaibu Isa On the dry evening of Friday, 25 July...
Maryam Umar -
International

92-year-old Cameroonian president...

92-year-old Cameroonian president seeks re-election after 43 years in power The President of Cameroon, Paul Biya, said that he would be seeking an eighth term...
Salim Sani -
News

Shettima is right,...

Shettima is right, Tinubu has no power to remove Fubara – ADC replies Presidency The African Democratic Congress has called for an immediate end to...
Maryam Umar -
News

President has no...

President has no power to remove elected governor - VP Shettima (Video) Vice-President Kashim Shettima seemingly distanced himself from President Bola Tinubu's contentious decision to...
Salim Sani -
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