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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

₦9bn to fix...

₦9bn to fix vandalised Kaduna power - Minister of Power The Minister of Power, Adebayo Adelabu, has expressed concern over the growing cases of infrastructure...
Uchechi Ojo -
News

Obasanjo, Buhari, Fashola...

Obasanjo, Buhari, Fashola testify in Paris over $6 billion Mambilla power project arbitration Former Nigerian Presidents Olusegun Obasanjo and Muhammadu Buhari, along with ex-Minister of...
Jane AISO -
International

Zelensky condemns Russia’s...

Zelensky condemns Russia's Christmas day attack on Ukraine's power grid Ukrainian President Volodymyr Zelensky has denounced what he described as an inhumane Russian assault that...
Maryam Umar -
International

President Bashar loses...

President Bashar loses power as rebels take over Syria Syria's army command on Sunday notified officers that President Bashar al-Assad's 24-year authoritarian rule had ended,...
Maryam Umar -
News

UNIJOS VC laments...

UNIJOS VC laments power situation, says varsity pays 4 times, gets 5 hour daily supply Vice Chancellor of the University of Jos, Professor Tanko Ishaya,...
Salim Sani -
Opinion

Africa: Resistance and...

Africa: Resistance and the shift in the global power dynamics, by Ahmad Shuaibu When we talk about global power, we typically think of the United...
Maryam Umar -
News

National Grid: Power...

National Grid: Power Minister forms 6-member committee to address collapses The Minister of Power, Adebayo Adelabu, has established a six-member committee to provide the Federal...
Uchechi Ojo -
News

Kogi to host...

Kogi to host GOCOP 2024 conference on power, insecurity, digital economy The Guild of Corporate Online Publishers (GOCOP) has said that its 2024 annual conference...
Jane AISO -
Article

Nutritional Power of...

Nutritional Power of Avocado Seeds: 5 reasons why you shouldn't throw them away With the growing trend towards healthier eating, avocados have become a staple...
Salim Sani -
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