Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,162,458 members, 7,850,592 topics. Date: Wednesday, 05 June 2024 at 05:17 AM |
Nairaland Forum / Nairaland / General / Politics / Good News! World Bank Gives $486m To Nigeria To Improve Electricity Transmission (418 Views)
Nigeria And Germany Sign The 11,000mw Roadmap Deal To Improve Electricity - APC / Nigeria Gets $486m World Bank Loan To Improve Nigeria’s Electricity Transmission / First Time In 20 Years Electricity Transmission Stabilises For 24 Hours - TCN (2) (3) (4)
Good News! World Bank Gives $486m To Nigeria To Improve Electricity Transmission by Wepublicisenaij: 8:27am On Feb 18, 2018 |
The World Bank on Friday approved an International Development Association (IDA) Credit of 486 million dollars for the rehabilitation and upgrading of electricity transmission substations and lines in Nigeria. Olufunke Olofon, Senior Communications Officer, World Bank, Nigeria, made this known in a statement released on Friday. She said that the investments would increase the power transfer capacity of the transmission network. The World Bank Country Director forNigeria, Mr Rachid Benmessaoud, said the Nigeria Electricity Transmission Project (NETP) would help address key bottlenecks in the transmission network. “It will also improve access to affordable and reliable electricity service to citizens. The credit will also enable distribution companies supply consumers with additional power. “Together with other investments and policy measures, the project will contribute to ensuring adequate and reliable electricity supply that is necessary forNigeria’s continued economic development,” he said. The Minister for Power, Works and Housing, Mr Babatunde Fashola, reiterated the government’s commitment to improving power supply in the country. “The Federal Government is committed to addressing the challenges in the public-owned transmission network. “The financing being provided by the World Bank under the Nigeria Electricity Transmission Project power sector underlines this commitment. “The Federal Government anticipates that private sector financing in the privately-owned segments of the value-chain will complement the government’s efforts in bringing better quality service to citizens,” he said. http://wepublicisenaija.com/235274/good-news-world-bank-gives-486m-to-nigeria-to-improve-electricity-transmission/
|
Re: Good News! World Bank Gives $486m To Nigeria To Improve Electricity Transmission by naijareferee: 8:30am On Feb 18, 2018 |
Money that would still end up in the belly of a snake... 2 Likes |
Re: Good News! World Bank Gives $486m To Nigeria To Improve Electricity Transmission by Shedrack777: 8:32am On Feb 18, 2018 |
i won't believe this story you know ba |
Re: Good News! World Bank Gives $486m To Nigeria To Improve Electricity Transmission by anibirelawal(m): 8:47am On Feb 18, 2018 |
naijareferee: God Forbid! |
Re: Good News! World Bank Gives $486m To Nigeria To Improve Electricity Transmission by okosodo: 9:06am On Feb 18, 2018 |
Money for buharis kinsmen to share 1 Like 1 Share |
Re: Good News! World Bank Gives $486m To Nigeria To Improve Electricity Transmission by papoudaupolos: 9:08am On Feb 18, 2018 |
Ist tr |
Re: Good News! World Bank Gives $486m To Nigeria To Improve Electricity Transmission by lightheart(m): 9:16am On Feb 18, 2018 |
Awesome boost! |
Re: Good News! World Bank Gives $486m To Nigeria To Improve Electricity Transmission by ckmayoca: 9:30am On Feb 18, 2018 |
world Bank is corrupt to have given money to set of people that won't utilise the money for its purpose. |
Re: Good News! World Bank Gives $486m To Nigeria To Improve Electricity Transmission by mikejj(m): 10:10am On Feb 18, 2018 |
apc gang!don get free fish.we know where the money wil end |
(1) (Reply)
PDP Asks Yakubu To Resign For Registering Underage Voters / PDP National Leadership Donated 500k To The Family Of Late Sagt. Chukwudi Iboko / INVESTIGATION: Inside Story Of ‘tokunbo Degrees’ Nigerians Smuggle From Cotonou
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 9 |