$717m World Bank Power Loan

LAGOS MAY 26TH (NEWSRANGERS)-The Federal Government has cancelled $717.7m 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. Documents obtained by The PUNCH from the World Bank website…