Tag Archives: investment

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World Bank Commits $5billion to Power Projects in Nigeria, Others

World Bank Commits $5billion to Power Projects in Nigeria, Others

THE World Bank Group, yesterday, committed $5 billion in new technical and financial support for energy projects in six African countries, including Nigeria. Others are, Ethiopia, Ghana, Kenya, Liberia, and Tanzania—which have partnered with President Obama’s Power Africa initiative. Making the announcement on the second day of the first  US-Africa Summit, World Bank Group President,

power sector

Bresson AS Energy Boss Calls for More Investment in Nigeria’s Power Sector

Chairman of Bresson AS Energy, Mr. Gbenga Olawepo has called for more investment, especially by the private sector, in Nigeria’s power sector. Speaking at the groundbreaking ceremony of the 90MW Magboro power plant being built by his firm, the industry captain highlighted the importance of adequate power supply in the evolution and sustenance of any


FG Approves $1.6bn For Power Transmission Upgrade

The minister of Power, Prof. Chinedu Nebo, has said that the National Economic Council has given approval for the disbursement of $1.6 billion for the enhancement of the nation’s electricity transmission network. Nebo said this to calm the fears entertained by a delegation of bankers’ forum which visited him in his office yesterday in Abuja.


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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