FG has no business taking W’Bank loan on behalf of Discos—Group
More pressure groups and professional bodies have continued to stand against the ongoing Federal Government’s move to borrow $3billion World Bank loan to finance the power sector. Experts who are opposed to the borrowing spree of the current administration raised…
$1bn loan: TCN’s revelations on Gencos, Discos send warning signal to W’Bank
Barely two weeks after the Minister of Finance, Mrs Zainab Ahmed met with officials of the World Bank for $1bn power sector revival loan at the Spring Meeting of the bank and IMF in New York, the Managing Director/Chief Executive…
Fashola opens up, says metering, governance issues frustrating privatization
While maintaining sealed lips on possibilities of revoking the privatization exercise by the present administration, the Minister of Power, Works and Housing, Mr. Babatunde Fashola has again, acknowledged that there were challenges that came with the privatisation of the industry…
W’Bank Board passes confidence vote on PSRP, plans $1bn support
If emerging external funding green light from the World Bank is anything to go by, chances are that Nigeria’s power sector crisis may be resolved in record time considering the excitement so far expressed by the bank. Otherwise, the bank…
Discos focusing on servicing loans not investing in metering, transformers, others—report
Fresh reason has emerged on why the country may not experience better services from Power Distribution Companies (Discos) any time soon. Otherwise, the Federal Government’s Power Sector Recovery Programme (PSRP) report bumped on by our Energy Correspondent has shown that “Evidence…
