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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 -
Nation

FGN sacks FAAN...

FGN sacks FAAN MD, top officials in aviation sector The Federal Government of Nigeria (FGN) has sacked the Managing Director of the Federal Airports Authority...
Maryam Umar -
Africa

NJ Ayuk calls...

NJ Ayuk calls for private sector participation in Africa's downstream sectors The African Energy Chamber (AEC), the voice of the African energy sector is committed...
Maryam Umar -
Africa

AfDB, Japan sign...

AfDB, Japan sign exchange of notes for $350 million private sector assistance loan The African Development Bank (AfDB) and Japan have signed an exchange of...
Maryam Umar -
Africa

AfDB appoints Ahmed...

AfDB appoints Ahmed Rashad Attout as Acting Director of Financial Sector Development Department The African Development Bank (AfDB) has appointed Ahmed Rashad Attout as Acting...
Maryam Umar -
Africa

AEC urges improved...

AEC urges improved transparency, governance in power sector at EITI meeting The African Energy Chamber (AEC) serving as the voice of Africa’s energy industry called...
Maryam Umar -
Nation

FGN trains public...

FGN trains public sector officials on data protection The Federal Government of Nigeria (FGN) is training 250,000 data protection officers on enhanced management of data...
Gift Luckson -
Education

YETFund Chairman visits...

YETFund Chairman visits Neptune Prime, solicits for cooperation The Chairman of the Yobe State Education Trust Fund (YETFund), Engineer MAK Abubakar, in the company of...
Gift Luckson -
Nation

Telecommunication sector strategic...

Telecommunication sector strategic for digital economy devt - Prof. Danbatta Story from Shafaatu DAUDA, Kano The Telecommunication sector has been described as a strategic driver...
Gift Luckson -
Health

Yobe health agency...

Yobe health agency seeks support towards informal insurance enrollment in Fune LGA Story from Sa'adatu MAINA, Damaturu As part of ongoing efforts in enrolling informal groups...
Gift Luckson -
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