N45b IDA loan for power: Real challenges and exposures

N45b IDA loan for power: Real challenges and exposures

The Federal Executive Council (FEC) yesterday approved a N45billion ($300 million) credit from the International Development Association (IDA) to finance electricity transmission and distribution infrastructure for the nation’s power sector. The credit is in addition to the $5.38 billion set aside for expenditure under the National Independent Power Project (NIPP) by the Federal Government out of which $3.38 billion has been spent.
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GKS makes new inroads with Freedom Day Fiesta

GKS makes new inroads with Freedom Day Fiesta

THE month of October may have come and gone but the memories will linger especially as the premier Nigerian indiginous church organisation, the God’s Kingdom Society made more inroads to parts of the world with its gospel that Jesus Christ was not born in December as many people would want us to believe.

Nigeria lands in South African 2010

Nigeria lands in South African 2010

Nigeria’s hope for the 2010 World cup in South African came alive  in a dramtic turn as it come from behind to beat the  Kenya team by 3-2 in Nairobi Kenya. In the 16 minute of the the Kenyan team, Harambee Stars, struck  their first goal through D.Oliech  while the Nigerian Super Eagles through Obafemi […]

Expect rise in kidnapping,  assassination – Detective Olumide

Expect rise in kidnapping, assassination – Detective Olumide

It is sheer selfishness. So, for me, I would say that the issue of putting the militants in camps and paying them money without recourse to rapid socio-economic development of the affected areas is a clear case of pampering criminality. If government says it is granting them amnesty and rehabilitating them, rehabilitation is not about paying allowances.