Why World Bank backs Osinbajo-led power reforms with $750m

The World Bank Board has approved a $750 million facility for the Nigerian Power Sector in a bid to support the Buhari administration in providing constant power supply to Nigerians. The facility under the Bank’s The Power Sector Recovery Programme (PSRP) buys time in favour of the Nigerian consumers as it forestalls the increase of tariffs especially for the lowest rungs of the

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