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Nigeria’s economic growth excites World Bank

The World Bank Group is excited with Nigeria’s economic growth and expressed satisfaction with its performance.

World Bank invests $10.7 billion in Nigeria

The bank’s delegation of 10 executive directors which visited the country last week, said it was excited with the economy’s return to growth and pledged more collaboration to accelerate the growth rate.

World Bank encouraged by Nigeria’s growth

The World Bank Group has expressed satisfaction with the performance of the Nigerian economy as it continues on the path to growth.

Babatunde Fashola: Meter supply to electricity consumers will get better

The Minister of Power, Works and Housing, Mr Babatunde Fashola, says supply of meters to electricity consumers will improve following the approval of a new regulations for meter asset providers.

Vice President Osinbajo: Federal govenrment to power varsities with solar energy

Vice President Yemi Osinbajo, SAN, has said that ‘despite the sectoral challenges, the Buhari administration will complete major projects that will improve the power sector in the country and also implement a plan that will provide solar energy in a number of universities in the country.

AfDB to spend $711m on projects in Nigeria

The African Development Bank (AfDB) on Friday said it would invest 711.5 million dollars in some projects in the country including power supply.

Minister Babatunde Fashola reassures Nigerians of steady power supply

The Minister of Power, Works and Housing, Mr Babatunde Fashola said that the Federal was making efforts to ensure steady power supply in the country.

World Bank approves $486m loan to improve Nigeria’s electricity transmission

The World Bank on Friday approved an International Development Association (IDA) Credit of $486 million for the rehabilitation and upgrading of electricity transmission substations and lines.

CACOL asks President Buhari to sack Minister Babatunde Fashola

The Centre for Anti-Corruption and Open Leadership, CACOL, has called for the immediate sack of Minister of Power, Works and Housing, Babatunde Raji Fashola, over his recent assertion that lack of adequate electricity in Nigeria cannot be responsible for the country’s slow-paced economy.

Federal govt committed to power sector recovery programme – Femi Fashola

The Minister of Power, Works and Housing, Babatunde Fashola, has reiterated the Federal Government’s commitment to the implementation of the Power Sector Recovery Programme.

Nigeria should not be compared to other countries – Babatunde Fashola

The minister of power, works and housing, Babatunde Fashola, says Nigeria is a great country which should not be compared to other countries.

Federal govt assures Nigerians of 4,500MW minimum electricity supply from 2018

The Federal Government says the implementation of the Power Sector Recovery Programme (PSRP) will ensure a minimum baseline daily power supply of 4,500Mega Watts (MW) from 2018.

Why we are electrifying 37 universities, teaching hospitals – federal govt

According to the government in a note the REA which manages the EEP, the government has divided its implementation of the EEP into two phases, of which the first phase would be implemented in nine universities and one teaching hospital.

World Bank proposes $1 billion for federal govt’s power reform

The World Bank has its renewed commitment to support the Federal Government’s Power Sector Recovery Programme (PSRP), with a proposed $1 billion Performance Based Loan (PBL).

Labour urges federal govt to stop funding DISCOs

Organised Labour has advised the Federal Government to stop any plan to further give monies to privately-owned Electricity Distribution Companies, DISCOs, in Nigeria.

Fed govt not against state developing own power projects – Fashola

The Federal Government on Thursday said it was not against state governments developing their own power projects to support development and supply of incremental power.

Minister gives condition for establishment of mini grids

Minister of Power, Works and Housing, Babatunde Fashola, has given details of requirements for the establishment of mini grids to be met by potential investors as he launched the mini grid regulations.

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