Global·NewlyNewsNG

Power crisis worsens as FG Cancels $717m World Bank Loan

NG · · Daily Trust NG

‎‎Nigeria’s electricity crisis seems to have worsened after the Federal Government cancelled $717.7 million in undisbursed World Bank financing meant to support reforms and improve power supply across the country. ‎ The cancellation, confirmed in World Bank restructuring documents, effectively ends the remaining portion of the $1.52 billion Power Sector Recovery Programme introduced to restore […]