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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...

The story of...

In 1939, a healthy young girl named Lina Medina gave birth to an equally healthy baby boy. The only noteworthy detail about this event...

COVID-19: Africa’s tally...

The number of confirmed COVID-19 cases in Africa has reached 168,464 and at least 4,700 people have died, statistics from the World Health Organisation’s...

How Lee Kuan...

Singapore’s former Prime minister Lee Kuan Yew, the father of the country’s economic miracle of the last 50 years, was a frequent visitor to...

Covid 19: Dahiru...

From Ahmed Mohammed, Bauchi A re-known Islamic Scholar Sheikh Dahiru Usman has advised Muslims all over the World to intensify in Special prayers to almighty...

COVID-19: Trump suspends...

President Donald Trump announced the suspension of US funding to the World Health Organization (WHO) because it had covered up the seriousness of the...

Impact of social...

Social media specifically designed for exchanging informations, sharing pleasantries, having fun and other systems that can be ease to the people around the world. But...

Donald Trump attacks...

President Donald Trump attacked the World Health Organization (WHO) on Tuesday, saying it is "China-centric" and issued bad advice at the outset of the...

South African Pastor...

South African clergy, Pastor Mboro has offered to go to hell and fight the demon responsible for the pandemic, due to the number of...

Rainstorm destroys property...

From Bala TANKO, Jos While the country and the entire world are worrying about the coronavirus pandemic, property worth millions of naira were destroyed, Monday,...
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