World Bank Cancels $717m Nigeria Power Funding as Subsidy Burden Deepens Reform Crisis
Nigeria’s long-running electricity sector reforms have suffered a major setback after the World Bank and the Federal Government agreed to cancel $717.7 million in undisbursed financing under a major power sector recovery programme, in what officials describe as a mutual decision driven by stalled reforms and rising subsidy pressures. According to a detailed report by […]
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