For Gas Supply to Bolster Electricity Generation, World Bank Provides $145 Million to Nigeria
The World Bank has announced $145 million in finance to Nigeria, to bolster gas supply for electricity generation – under its Partial Risk Guarantee (PRG) program. The Gas Supply and Aggregation Agreement (GSAA) was signed – yesterday, by the World Bank, the Power Holding Company of Nigeria (PHCN), Egbin Power PLC, Deutsche Bank and Chevron […]
New $300 Million Mortgage Deal for Nigeria, by the World Bank
The World Bank and Nigeria are partnering for a $300 million mortgage deal to provide finance for the housing sector in Nigeria. The finance will be operational from 2014, in six states – including Lagos, Anambra, Bauchi and the FCT. The Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala revealed this at the World Bank/IMF […]