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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 -
FRSC

FRSC appoints first...

The Federal Road Safety Corps (FRSC), Taraba Command, on Monday welcomed a female Sector Commander, Corps Commander Selina Williams. This was contained in a statement...
Neptune Prime -
Agriculture

BASG approves N653...

From Beatrice GONDYI, Bauchi Governor Bala Mohammed of Bauchi state has approved the sum of N653 million revolving fund to the Bauchi State Agricultural Supply...
Aisha Auyo -
Health

Ahmad Lawan urges...

Senate President Ahmad Lawan on Tuesday called on the Federal Government to review or reverse the privatisation of the nation’s power sector. Lawan made the...
Aisha Auyo -
Education

ASUU Strike: Stakeholders...

Some stakeholders in the education sector on Wednesday called for an amicable resolution of the impasse between the Federal Government and members of the...
Gift Luckson -
Development

Atiku centre partners...

The Atiku Centre for Leadership, Development and Entrepreneurship in partnership with the United States Agency for International Development recently handed over 1,700 teaching and...
Gift Luckson -
Development

Health workers to...

One of the most pressing issues in the Nigerian health sector in 2019 is the concessions and privatization of the major Federal Health Institutions...
Aisha Auyo -
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