Posted by: Channels Television Posted date: October 02, 2013

The World Bank has decided to invest in Nigeria’s power sector with the sum of $1 billion.

This grant is expected to accelerate the post privatisation process of the power sector.

The international finance corporation, a member of the World Bank says it will make long term loan financing available to the sector because of the potentials it presents.

This amount is to be shared among three distribution and generation companies that won the privatisation bid.

IFC is set to provide financing to mobilize funds for one power generation company and also planning to invest in another power generation company, with further plans to support up to three power distribution companies. These projects will add 1, 500 MW to Nigeria’s grid and are part of the World Bank Group’s intervention in the sector, which is built into the Group’s Energy Business Plan.

http://www.channelstv.com/home/2013/10/02/world-bank-to-invest-1-billion-in-nigerias-power-sector/?utm_source=&utm_medium=twitter

Hun?

Nigeria black out days will soon be history!
World bank has also come to receive Fresh air!
Fresh Air

We will get there soon. To business minded person this is the right time to key-in into power business.

as long as there is uninterrupted power supply dammit!!

This is slavery ,soon power bills will be a big deal

homesteady: Nigeria black out days will soon be history!
World bank has also come to receive Fresh air!
Fresh Air

fresh air oshi wo ni gan

Ok

sheyie2007: fresh air oshi wo ni gan

Back to sender

Mod frontpage this is a goodnews but badnews to some piple fresh air till 2019

sheyie2007: fresh air oshi wo ni gan

Lolsss

homesteady:

Back to sender

if you want fresh air, go to bar-beach!

make we dey observe

I JUST WISH THIS PROJECT WILL BE ACHIEVED, AND SOONEST

My dream is to share in that loot

I pray o!

Hope this news is genuine

Like seriously?

spenca: This is slavery ,soon power bills will be a big deal

It is not a must to comment, you know...

All things being possible!

We're getting toward there. l guess

One thing I'd have to say is that world bank should endeavour not to hand over this huge money to the Federal govt or private individual in the guise of PHCN,NEPA or what so ever they call their recent name due to the ongoing privatisation.This is my own submission O◦°˚ ˚°◦o.

Nigeria my country. Wish them success

some politicians just got richer

Fresh Air everywhere you go....can't jst imagine hw haters wud be feeln nw after seeing this news. Gej tl 2019....join d crew nw,dnt be left behind o.

Hope the Light would be steady and constant sha?

spenca: This is slavery ,soon power bills will be a big deal

Why do you think so. If you have constant power, there will definitely be more hours to bill and of course, you will have to pay more. But even if the rate is higher, but reasonable, I thing it's still a good thing. Just be in a productive venture and you should afford to pay the bills.

Fresh air team Nigeria

TribalEAST: My dream is to share in that loot

Some of you just talk anyhow. When did a $1billion investment in the NOW PRIVATIZED power sector become "loot"?

@ topic, good news. I'm however interested in knowing how the specific beneficiaries will be selected.

Immediately i saw the president giving certificates to the winners of the privatised power sector. I knew that the days of black out in Nigeria will soon be over. When Obasanjo handed over certificates to Telcom giants in year 2000. Many doubted him and lashed him on the media. the same mouths that spoke evil about that move now speak good of him. so shall be the case of GEJ in power sector. He will surprise his enemies who are buried in sentiments and ethnic bigottery. He will proove them wrong by end of 2014 with regards to power. We require PATIENCE with GUDLUCK on our land to get there. what a combo. Haters, over to you

Mo sorry fun gboooogbo yin o, mo sorry fun gbogbo yin lokankan

ASUU, bunch of wicked men and women