HomeTagsSector

Tag: sector

FG cancels $717.7m World Bank...

The Federal Government has cancelled $717.7 million...

Tinubu welcomes UK-backed Lebara’s entry...

Tinubu welcomes UK-backed Lebara’s entry into Nigeria,...

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 -
Development

FG cancels $717.7m...

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...
Abdullahi Mustapha Haruna -
News

Tinubu welcomes UK-backed...

Tinubu welcomes UK-backed Lebara’s entry into Nigeria, applauds growth in telecom sector President Bola Ahmed Tinubu has welcomed the launch of UK-backed telecom brand Lebara...
Tawheed Yakub -
News

Power sector bond:...

Power sector bond: FG borrows ₦501bn to offset GenCos’ outstanding debt The Federal Government has approved the issuance of a ₦501 billion power sector bond...
Abdullahi Mustapha Haruna -
House of Representatives

Reps invite Dangote...

Reps invite Dangote refinery, NMDPRA over downstream sector dispute ‎ ‎The House of Representatives Joint Committee on Petroleum Resources has invited Dangote Refinery and the Nigerian...
Maryam Umar -
News

AEDC lays off...

AEDC lays off 800 workers amid Nigeria’s power sector turmoil Story by Okafor Vivian  The Abuja Electricity Distribution Company (AEDC) has embarked on a large-scale retrenchment...
Maryam Umar -
Columns

Battle for the...

Battle for the soul of Ngeria’s oil sector by Kazeem Akintunde  There is an ongoing war for the soul of Nigeria’s oil sector. The war...
Maryam Umar -
Nation

Speaker Abbas appoints...

Speaker Abbas appoints new panel for oil sector probe Speaker of the House of Representatives, Abbas Tajudeen, has announced the formation of a new seven-member...
Maryam Umar -
Biography

Meet Ali Pate,...

Meet Ali Pate, the man to heal Nigeria's ailing health sector Story from Victor E. President Bola Tinubu on Wednesday unveiled the portfolios of 45 ministers...
Salim Sani -
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 -
spot_img

Create a website from scratch

With Newspaper Theme you can drag and drop elements onto a page and customize them to perfection. Try it out today and create the perfect site to express yourself!

Buy Now ⟶