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FG cancels $717.7m World Bank...

The Federal Government has cancelled $717.7 million...

From the Sahel to the...

From the Sahel to the World: Are...

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 -
Africa

World’s youngest king...

At age 3, many children would be playing games or having fun with their colleagues outside but not for King Oyo Nyimba Kabamba Iguru...
Salim Sani -
Columns

Costs and consequences...

Deep Thought with Othman Since the end of the World War in the 1940s, nothing has devastatingly impacted all facets of human endeavours within ten...
Salim Sani -
Africa

Malian King Mansa...

Mansa Musa I was born in Mali, West Africa in 1280, to Faga Laye (his father). In several different scripts, his name was documented...
Salim Sani -
Feature

The Face Of...

Jose Mujica is an Uruguayan farmer and retired politician who served as the 40th President of Uruguay from 2010 to 2015 and was known...
Salim Sani -
International

Elon Musk loses...

After enjoying the position of the number one richest man in the world for a few days, Elon Musk has now fallen back to...
Aisha Auyo -
Development

Journalism in a...

American Press Institute defines journalism as the activity of gathering, assessing, creating and presenting news and information. It can also be defined as the...
Salim Sani -
Feature

How the Yoruba...

The Yoruba people number over 44 million, making them the largest homogeneous people in Africa. The majority of this population (around 40 million) is...
Neptune Prime -
International

Italy’s World Cup...

Paolo Rossi, who fired Italy to victory in the 1982 World Cup after almost missing the tournament through a match-fixing scandal, has died aged...
Gift Luckson -
Education

Meet 3 black...

Here are three black geniuses named Ramarni Wilfred, Anala Beevers and Alannah George with the highest intelligence quotients (IQs) ever in the world. The youngsters...
Salim Sani -
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