World Bank to push proposed $1 billion PBL for Nigeria power sector

As part of its commitment to programme implementation, the World Bank said it will continue the preparation of the proposed $1 billion Performance Based Loan (PBL) to support the Power Sector Recovery Programme (PSRP) in the country. At the just concluded two days consultation on PSRP, the World Bank Group and the Federal Government said […]

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World Bank commend Nigeria’s effort to re-balance debt portfolio

The World Bank says it is not in disagreement with the Federal Government on the need to borrow to finance infrastructure. In a letter to the Minister of Finance, Mrs. Kemi Adeosun, in Abuja on Wednesday, the World Bank Country Director for Nigeria, Mr. Rachid Benmessaoud, said the bank had commended the Federal Government for […]

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