U.S.$3 Billion World Bank Loan for Nigeria's Electricity Grid
Zainab Ahmed, Minister of Finance, says that the government has acquired a new loan of U.S.$3 billion from the World Bank to address transmission and distribution challenges in the power sector.
-
Nigeria:
Zainab Ahmed - U.S.$3 Billion World Bank Loan to Solve Nigeria's Two Critical Power Problems
This Day, 27 October 2019
Following the conclusion of the 2019 annual meetings of the International Monetary Fund and the World Bank, the Nigerian delegation led by the Minister of Finance, Mrs. Zainab… Read more »
-
Nigeria:
Don't Take $3 Million World Bank Loan, Analysts Tell Buhari
Vanguard, 23 October 2019
The Association for Public Policy Analysis, APPA, has challenged the Federal Government to make public, the details of revenue generated from the electricity supply by the… Read more »
-
Nigeria:
Govt Secures $3bn World Bank Loan for Power Sector - Minister
Vanguard, 20 October 2019
The Minister of Finance, Zainab Ahmed, has revealed that the Federal Government has successfully secured the loan of $3 billion for the power sector. Read more »
(file photo).
-
Nigeria:
World Bank Approves $3 Billion Loan For Country's Power Sector
Leadership, 21 October 2019
The World Bank has approved Nigeria's request for a $3billion loan for the expansion of the transmission and distribution networks in the power sector. Read more »
-
Nigeria:
Govt Close to Securing World Bank's $3bn Power Sector Loan - Minister
Vanguard, 20 October 2019
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Sunday the Federal Government's request for a World Bank loan to finance the power sector was on the… Read more »
-
Nigeria:
Gas Shortage Reduces Nigeria's Electricity Generation By 20%
Premium Times, 20 October 2019
Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, said that they could not generate 1,631.5 megawatts of electricity on Saturday due to… Read more »
-
Nigeria:
Govt Sets Aside $1.61bn to Boost Power Supply, Says TCN
This Day, 21 October 2019
The Managing Director of the Transmission Company of Nigeria (TCN), Alhaji Usman Gur has restated that the federal government in collaboration with international donor agencies has… Read more »
InFocus
-
The government has entered into an agreement with a German company, Siemens, to boost power supply in Nigeria. Nigeria has struggled to supply electricity throughout the country ... Read more »
-
The country's national electricity grid collapsed again, sources in the industry have said. This follows a collapse earlier in the week which left Sokoto, Kaduna, Kano and Katsina ... Read more »