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The Siemens’ Deal: FG Pays Over 8 Billion Naira Even As Total Cost Of Project Is Unknown

In July 2019, the Federal Government (FG) and Siemens signed a Letter of Agreement on the Nigeria Electrification Roadmap (NER) after the President and the German Chancellor, Angela Merkel met on August 31, 2018, in Abuja. The three-phase project seeks to harmonise the available capacity in the electricity supply value

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How To Spend The Approved $750 Million Power Sector Credit

The world bank has approved an International Developmemt Association (IDA) credit facility for the Nigerian Electricity Supply Industry (NESI) for the purpose of repositioning the power sector for future power investment. Essentially, this financial intervention is tagged the Power Sector Recovery Operation (PSRO), another lexicon in our series in the

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