Nigeria Power Sector
No plan to reverse privatisation of power sector — Senator
The Senate has no plans to reverse the privatisation of the power sector, Gabriel Suswam, the Chairman Senate Committee on Power has said. Speaking in Abuja during the committee’s oversight visit to some government structures being occupied by the Abuja Electricity Distribution Company (AEDC), Mr Suswam said the Senate is not pushing for the reversal of …
World Bank approves $750 million for Nigeria’s power sector
World Bank has approved a $750 million International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO) to improve electricity supply. The bank, in statement in Abuja on Wednesday, said that the target was to also achieve financial and fiscal sustainability and enhance accountability in Nigeria’s power sector. It explained that about 47 …
Reps to investigate power contracts awarded by Obasanjo, Yar’Adua, Jonathan
The House of Representatives decided to investigate the contracts awarded and the Federal Government’s payments to contractors to revive the power sector. The probe will cover the $16 billion spent by the administration led by President Olusegun Obasanjo between 1999 and 2007, according to a motion unanimously adopted by the House in the plenary on …
