FG, World Bank In Discussion For $1bn Power Loan
The Federal Government and the World Bank are in the final stage of negotiation for the release of $1bn performance-based loan for Nigeria’s Power Sector Recovery Programme.
It was gathered that the loan was currently being prepared...
Nigeria gets $486m World Bank credit for power sector
World Bank has approved a 486 million dollars credit facility to Nigeria for power grid improvements, the lender said on Friday. “The investments under the Nigeria Electricity Transmission Project will increase the power transfer capacity of...
World Bank Working With Nigeria To Increase Revenue Generation
The World Bank is currently working with Nigeria to increase the country’s revenue-to-Gross Domestic Product ratio, which is currently put at six per cent.
The World Bank Country Director for Nigeria, Mr. Rachid Benmessaoud, said this at...
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...
