The World Bank Board has approved a $750 million facility for the Nigerian Power Sector in a bid to support the Buhari administration in providing constant power supply to Nigerians.
The facility under the Bank’s The Power Sector Recovery Programme (PSRP) buys time in favour of the Nigerian consumers as it forestalls the increase of tariffs especially for the lowest rungs of the consumers and imposes an obligation on DISCOS to step up their service delivery including issues of metering.
The comprehensive power reforms being instituted by President Muhammadu Buhari has seen the administration sign strategic power deals including one with the German government and Siemens |||READ MORE
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