FG, World Bank Partner on $600m Rural Road Development Project   The Federal Government, in collaboration with the World Bank, has allocated $600m to rehabilitate 200,000 kilometers of rural roads under the Rural Access and Agricultural Marketing Project. Principal Information Officer at the Federal Ministry of Agriculture...

World Bank's $200m Used to Expand Power Transmission – TCN The Transmission Company of Nigeria, TCN, says it is expanding its capacity nationwide with a $200m World Bank project to ensure sufficient electricity supply. The Managing Director, TCN, Sule Abdulaziz, disclosed this on Wednesday when he...

53.6% of Nigerian Households have Access to Electricity – NBS Just over half of Nigerian households, 53.6 per cent, have access to electricity, according to the General Household Survey Panel (Wave 5) launched by the National Bureau of Statistics (NBS) in collaboration with the World...

Nigeria Receives $500m W’Bank Loan to Boost Power Sector The Federal Government says it has received a $500m credit from the World Bank to boost the financial and technical capacities of electricity distribution companies. The Transmission Company of Nigeria said in a public notice on Thursday...

IMF, World Bank and their Russian Roulette with Nigeria By Umar Farouk Bala Nigeria’s national debt has become a point of contention among various stakeholders, including global institutions, policymakers, and citizens. While external financial institutions such as the International Monetary Fund (IMF) and the World Bank...

The Petrol Paradox: Understanding the Real Cost of Fuel in Nigeria By Muhammed S. Ibrahim For some time, the price of petrol in Nigeria has been a subject of heated debates. Some insist that Nigerians enjoy some of the cheapest petrol in the world while others...