FG Secures $750m World Bank Loan For Power Projects   The World Bank Group has approved a loan of $750m to boost Nigeria’s power sector. The loan with project ID P174622 was approved on June 9, 2023, making it the first World Bank loan approved under the...

FEC Okays N65.3bn For Power Projects In 2022     The Federal Executive Council meeting has approved N65.39bn in foreign and local denominations to execute power projects in the country. The Minister of Power, Abubakar Aliyu, disclosed this to State House Correspondents on Thursday at the end of...

FG Approves $2.5m, N498.2m For Four Power Projects     The federal government has approved a total sum of $2.54 million and N498.23 million for four power projects across the country. This is just as it also okay the interim report on greenhouse emission reduction for the nation. Minister...

REA Secures World Bank, AfDB Funds For Power Projects         The Rural Electrification Agency has secured funding from the World Bank and the African Development Bank for the development of power projects in universities and teaching hospitals. The Managing Director of REA, Ahmad Salihijo, disclosed this at...

TCN Commissions 2 Power Projects, Targets 5 Others         The acting Managing Director of the Transmission Company of Nigeria (TCN), Engr. Sule Ahmed Abdulaziz, has said the company has commissioned two bulk power transmission projects since he assumed office in May 2020, with over five others...

Fed Govt To Spend N204bn On Power Projects, Salaries       The Federal Government will spend N204.4 billion on projects and salaries for agencies and the Federal Ministry of Power in 2021. According to the budget proposal of the ministry, out of the N204bn budgeted, N198.3bn was for...