Tag: World Bank
May
26
Nigeria Government Cancels $717.7 Million in Undisbursed World Bank Power Sector Funding
The Federal Government of Nigeria has cancelled $717.7 million in remaining undisbursed funding from the World Bank, effectively terminating the balance of a major power sector recovery programme amid ongoing challenges in the electricity industry. According to World Bank restructuring documents, the cancellation follows a formal request by the Nigerian government on March 26, 2026, […]
Apr
29
World Bank Commits $8.2 Billion to Electrify 300 Million in Sub-Saharan Africa by 2030 Under Mission 300 Initiative
The World Bank Group has committed approximately $8.2 billion to accelerate electricity access across Sub-Saharan Africa as part of the ambitious Mission 300 initiative, a joint effort with the African Development Bank Group (AfDB) aimed at connecting up to 300 million people to reliable power by 2030. Launched in 2024, Mission 300 seeks to halve […]