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FG cancels $717.7m World Bank...

The Federal Government has cancelled $717.7 million...

NACAT condemns clearance of politicians...

The Network Against Corruption and Trafficking (NACAT)...

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 -
House of Representatives

Nigerian Govt moves...

The Nigerian government said it has commenced moves to reform the second reading of the National Youth Service Corps (NYSC). Nigeria’s youth and sports minister,...
Gift Luckson -
International

UEFA confirms 36-team...

The new plans for Europe's elite competition, which are set to come into effect in 2024, have been unveiled amid the talk of a...
Neptune Prime -
Law

EndSARS: Federal lawmaker...

A House of Representatives member representing Ede North, South/Egbedero/Ejigbo Federal Constituency, Bamidele Salam, has penned an open letter to caution his colleagues and other...
Neptune Prime -
Education

Yobe to reform...

In an efforts to get the support of traditional institutions and communities in reforming Almajiri education in the state, Yobe state committee on reformation...
Neptune Prime -
Local

Gov Bala inaugurates...

Story from Beatrice GONDYI, Bauchi Bauchi State Governor, Bala Mohammed has inaugurated 11 Board members of the state’s Bureau for Privatisation and Economic Reform to...
Maryam Umar -
Crime

Former pension boss,...

The former Chairman of the Pension Reform Task Team Abdulrasheed Maina, has been released from the Kuje prison in Abuja. One of Maina’s counsels, Ademola Adedipe...
Gift Luckson -
Columns

Al-Mahdi AFS: The...

Friday Sermon In the name of Allah Who states "Before this We wrote in Psalms, after the message (given to Moses): My servants the righteous,...
Aisha Auyo -
Business & Economy

Facebook’s Zuckerberg wants...

Facebook founder and CEO Mark Zuckerberg on Friday backed moves by the OECD group of free-market economies to reform the way online giants are...
Aisha Auyo -
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