Tag Archives: AfDB

ELECT

Nigeria: Power Receives Funding From Banks

Nigeria: Power Receives Funding From Banks

Apart from the effort from the Federal Government to ensure that electricity generation is boosted in the country, some financial institutions have also pledged their support to finance some of the projects that will increase electricity generation in the country. For instance, the African Development Bank (AfDB) recently approved 184.2 million dollars loan (N29.4billion) to

ELECT

AFDB Commits $200m to Coal-to-Power Projects, Says FG

In its determination to deepen the development of the renewable energy, the African Development Bank, AFDB, has offered to provide a support to the tune of about $200 million towards the growth of coal-to-power projects in Nigeria. The Managing Director and Chief Executive of Nigerian Bulk Electricity Trading PLC, NBET, Mr. Rumundaka Wonodi, who disclosed

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Nigeria Gets 512million Euros from EU to Improve Power, Security

The European Union (EU) has signed a financial agreement with the Federal Government to receive 512 million euros grant (N112 billion) to support Nigeria’s power supply and democracy, a statement said on Saturday. The statement was issued in Abuja by Salisu Haiba, the Head of the Information Unit of the National Planning Commission. It said

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World Bank, AfDB Commend Nigeria’s Power Sector Privatisation

World Bank on Sunday lauded the Federal Government on the successful completion of the power sector privatisation, urging other African countries to borrow a leaf from the exercise. The African Development Bank also commended the present administration for investing proceeds from partial removal of fuel subsidy on infrastructure development among other sectors. The commendations came

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FG Has No Regret Concessioning Power Plant To Private Investors

Vice-President Namadi Sambo on Wednesday said the Federal Government had no regret in concessioning the Shiroro Hydro Power Plant to North South Power Company. Sambo stated this when he received a delegation from the management of the North South Company, led by its Chairman, Malam Ibrahim Aliyu, at the Presidential Villa, Abuja. He said the

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311 Investors to Support Power Sector

(Source: The Nation) About 311 investors have shown interest in investing in Nigeria’s power sector, the Permanent Secretary, Ministry of Power, Godknows Igali has said.He made this known to State House correspondents after a meeting in the office of Vice President Namadi Sambo.According to him, the investors are to partner with the Federal Government at the global

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AfDB, Nigeria in Talks Over $200m Investment

(Source: New Telegraph) The African Development Bank is in talks with Nigerian officials to boost the value of its partial-risk guarantee for power industry investments by $200 million this year. An agreement would see the amount from which eligible projects can benefit rise to $380 million from $180 million, Bocar Toure, senior energy economist at

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AfDB Plans $200 Million Boost to Nigeria’s Power Risk Guarantees

(Source: Bloomberg Business News) The African Development Bank is in talks with Nigerian officials to boost the value of its partial-risk guarantee for power industry investments by $200 million this year. An agreement would see the amount from which eligible projects can benefit rise to $380 million from $180 million, Bocar Toure, senior energy economist

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