FG Receives Power Transmission Expansion Document From World Bank A new power transmission expansion strategy document developed with about $2m from the World Bank was delivered to the Federal Government in Abuja on Tuesday. The 20-year Transmission Expansion Master Plan, which was funded by the World...

W/Bank, TCN Agree On $486m Loan For Power Transmission The Interim Managing Director (IMD) of the Transmission Company of Nigeria (TCN), Mr Usman Gur Mohammed, says they have completed negotiations with the World Bank for $486 million loan to improve transmission infrastructure under the Nigeria...

38 New Gas Flare Sites, Discovered By FG, World Bank The Federal Government, in partnership with the World Bank and the United States Agency for International Development, has discovered 38 additional gas flare sites in Nigeria. Before the recent discovery, data from the Department of Petroleum Resources...

World Bank To Support FG’s Power Sector Recovery Programme With $1bn The World Bank Group and the Federal Government of Nigeria concluded two days of high-level consultations on the Power Sector Recovery Programme (PSRP), with the Bank’s readiness to support it with $1 billion. The Federal...

One Billion People Lack Access To Electricity Globally- World Bank …80 Million Nigerians too.  As Nigeria and other Sub-Saharan African Countries gear up towards increasing access to electricity for its people, reports have shown that over one billion people lack access to electricity globally.  World Bank Lead,...

Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah has revealed that World Bank estimates that Africa’s total infrastructure investment requirements at $120-150 billion per annum. He further explained that the World Bank estimates the gap between infrastructure investment requirements and available financial resources at...