LAGOS JUNE 8TH (NEWSRANGERS0-The World Bank has listed Nigeria among the three countries with the largest electricity deficits in the world. It said during the last decade, a greater share of the global population gained access to electricity than ever before, but the number of people without electricity in Sub-Saharan Africa increased. The bank disclosed…
LAGOS APRIL 25TH (NEWSRANGERS)-The World Bank says Nigeria now has the highest percentage of the population without access to electricity globally, overtaking the Democratic Republic of Congo in unreliable and widespread blackouts. According to the bank, over twenty-five percent of Nigeria’s population has no access to electricity supply, this was stated during a virtual engagement…
LAGOS DECEMBER 15TH (NEWSRANGERS)-The World Bank has approved Nigeria’s request for a $1.5 billion loan. In a statement on Tuesday, the Bretton Wood institution said the facility is a five-year Country Partnership Framework (CPF) that will last from 2021 to 2024. “This country partnership framework will guide our engagement for the next five years in…
LAGOS NOVEMBER 14TH (NEWSRANGERS)-As part of efforts to mitigate the effect of COVID-19, the Minister of Finance, Budget, and National Planning, Zainab Ahmed, says the Federal Government, is in the process of acquiring a 750 million dollar loan, from the world bank to help states. This loan according to her is to stimulate the local…