Post by Engr. Olusola Adedayo (@Moschino)

The Federal Government has cancelled $717.7 million in undisbursed World Bank financing for Nigeria’s troubled electricity sector, effectively terminating the remaining portion of a $1.52bn power sector recovery programme amid mounting tariff shortfalls, worsening financial pressures, and persistent implementation challenges across the industry.

The Federal Government has cancelled $717.7 million in undisbursed World Bank financing for Nigeria’...

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