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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

Constitution Review: MUSWEN...

Constitution Review: MUSWEN restates demand for Shariah Court, power devolution, quality education, others at Senate Public Hearing The Muslim Ummah South West Nigeria (MUSWEN) has...
Maryam Umar -
Opinion

Nigeria must learn...

Nigeria must learn from Iran’s strategic use of resources and power projection, by Tijjani Sarki In a recent incisive write-up, Ahmad Shu'aibu Isa highlighted how...
Salim Sani -
Opinion

Dirge of a...

Dirge of a Doomed Regime: The rise, fall of Bola Tinubu's misadventure in power - A rejoinder, by Engr. Bello Gwarzo Abdullahi, FNSE In light...
Salim Sani -
News

FG to auction...

FG to auction Emefiele's 753 duplexes to low, middle-income Nigerians Story by Mercy ADAJE The Federal Government has concluded plans to sell a sprawling estate linked...
Gift Luckson -
Islamic Insights

Unlocking the Power...

Unlocking the Power of Amanar-Rasulu: The nightly verses of faith, mercy, protection The final two verses of Surah Al-Baqarah, commonly referred to as Āmanar-Rasūlu, hold...
Salim Sani -
News

VeryDarkMan’s Arrest: A...

VeryDarkMan's Arrest: A blatant abuse of power under Tinubu - Atiku Former Vice-President Atiku Abubakar has condemned the President Bola Ahmed Tinubu administration for the...
Maryam Umar -
Opinion

Power, Pride and...

Power, Pride and 2027: The Kano titans and Tinubu’s grand chessboard, by Engr. Bello Gwarzo Abdullahi, FNSE "We must live together as brothers or perish...
Salim Sani -
Energy & Power

FG signs $328.81m...

FG signs $328.81m deal with China to boost power supply The federal government has signed a $328.81 million deal with China Machinery Engineering Corporation (CMEC)...
Gift Luckson -
News

Matawalle blasts Amaechi’s...

Matawalle blasts Amaechi's 'reckless' claim that politician kill for power Minister of State for Defence, Bello Matawalle, has strongly condemned former Transportation Minister, Rotimi Amaechi,...
Salim Sani -
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