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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

Lafia residents protest...

Lafia residents protest erratic power supply Story from Ibraheem Hamza Muhammad Residents of Lafia, capital of Nasarawa State have protested against poor power supply and overbilling...
Salim Sani -
Local

Fire engulfs TCN...

Fire engulfs TCN Alagbon Substation, causes damage to power transformer A fire broke out at the Alagbon Transmission Substation of the Transmission Company of Nigeria...
Maryam Umar -
Development

President Tinubu enacts...

President Tinubu enacts Electricity Act 2023 to spur power sector development President Bola Ahmed Tinubu has wasted no time in taking action as he signs...
Maryam Umar -
Campus

Students groan as...

Students groan as ABU Zaria postpones resumption date indefinitely Story from Maimunat MOHAMMED, Zaria Students of Ahmadu Bello University (ABU) Zaria have expressed their grievances as...
Gift Luckson -
Gist

Power Of Love:...

Power Of Love: Illiterate security guard proposes to university lecturer A security guard in Uganda has proposed to his lover who is a lecturer at...
Gift Luckson -
Local

Islamic Human Rights...

Islamic Human Rights Commission urges Tinubu to investigate abuse of power in Kaduna The Islamic Human Rights Commission has called on President Bola Ahmed Tinubu...
Gift Luckson -
Local

El-Rufai hands over...

El-Rufai hands over power to Uba Sani ahead of swearing-in The outgoing Governor of Kaduna State, Malam Nasir El-Rufai, has completed the administrative handover to...
Maryam Umar -
Energy & Power

Over 92 million...

Over 92 million Nigerians lack access to electricity - Report The Electricity Hub (TEH), a prominent electricity organisation in Nigeria has disclosed that about 92...
Gift Luckson -
Energy & Power

NCDMB upgrades capacity...

NCDMB upgrades capacity of Bayelsa power plant to 20 megawatts The management of the Nigerian Content Development and Monitoring Board (NCDMB) has confirmed the upgrade...
Gift Luckson -
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