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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 -
Nation

Governors disapprove of...

Governors disapprove of plans by FGN to privatise power plants Story from Abah ADAH, Abuja Nigerian Governors Forum (NGF) has moved against the proposed privatisation of...
Salim Sani -
Business & Economy

FGN takes over...

Story from ADah ABAH, Abuja Federal Government of Nigeria (FGN), in what it termed restructuring, has taken over the board and management of five (5)...
Gift Luckson -
Local

2023: Take candidates...

By Abah ADAH, Abuja As preparations towards the 2023 General Elections in Nigeria gather momentum, Minister of Works and Housing, Mr Babatunde Fashola, has challenged...
Kenneth Afor -
Milestones

Prolonged Blackout: Boy,...

Prolonged Blackout: Boy, 11, invents non-fuel mini-generator in Borno A talented 11-year-old Nigerian boy, Muhammad Bashir Kaumi, has created a mini-generator that doesn't use fuel...
Gift Luckson -
Local

FG to restore...

FG to restore power to Borno, environs in weeks Story from Abah ADAH Minister of Power Engr Abubakar Aliyu has disclosed that power supply would be...
Salim Sani -
House of Representatives

Nigeria’s power grid...

Nigeria's power grid collapses again Story from Adah ABAH, Abuja Another system collapse has occurred of the Nigerian national power grid plunging the country into total...
Gift Luckson -
Columns

Malagi: A frontrunner’s...

Malagi: A frontrunner’s 6 guidelines to power, by Rabiu Ibrahim Just how did Mohammed Idris Malagi, media executive and publisher of the Blueprint newspaper become a...
Gift Luckson -
Columns

Ayo Adebanjo’s musings...

Ayo Adebanjo’s musings on power shift, by Azu Ishiekwene Conversation With Azu The statement by the leader of the Yoruba Cultural Group, Afenifere, Ayo Adebanjo, that...
Gift Luckson -
News

Gov. Inuwa commiserates...

Gov. Inuwa commiserates with victims of electrocution in Tunfure Story from Najibullahi ADAMU, Gombe Governor Inuwa Yahaya of Gombe State yesterday visited Tunfure quarters in the...
Gift Luckson -
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