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FG secures $500m loan to boost electricity distribution - Blueprint Newspapers Limited - Vimarsana News

FG secures $500m loan to boost electricity distribution - Blueprint Newspapers Limited

In a strategic move to address the identified gaps in Electricity Distribution Companies (DisCos), the Federal Government of Nigeria has secured a $500 million loan from the World Bank. In a statement signed by Head, Public Communication, Bureau of Public Enterprises (BPE) Amina Tukur Othman, the loan will provide funding…

FG Secures $500m World Bank Loan To Boost Electricity Distribution - Vimarsana News

FG Secures $500m World Bank Loan To Boost Electricity Distribution

The Distribution Sector Recovery Program is designed to enhance the financial and technical operations of the DisCos

World Bank Announces New Program That Will Give Kenyans Jobs - Vimarsana News

World Bank Announces New Program That Will Give Kenyans Jobs

Locals will be prioritised for these job opportunities across counties.

Facing the Development Challenges of the 21st Century: What Role for Budget Support? - Vimarsana News

Facing the Development Challenges of the 21st Century: What Role for Budget Support?

Budget support offers direct financing to a country’s treasury to create more “fiscal space” for public programs. It has constituted some 14 percent of ODA on average, increasing to over 20 percent in times of crisis. No aid modality is more controversial. Critics argue that, without earmarking funds to individual projects, they can be stolen or diverted to unproductive uses, and that, unlike investment projects, budget support produces no “tangible” results.

Source: cgdev.org
INVESTIGATION: How Cross River Government Under Ex-Governor Ayade Awarded 36 Shady Contracts From $20million World Bank Grants - Vimarsana News

INVESTIGATION: How Cross River Government Under Ex-Governor Ayade Awarded 36 Shady Contracts From $20million World Bank Grants

The management of the Cross River State College of Nursing and Midwifery Sciences, Itigidi, in Abi Local Government Area, LGA, Cross River State, met the proverbial “judgment day” on Thursday, June 1, 2023. The Registrar, Aji Eko, who was on his way to catch up with an appointment at the nearby General Hospital expressed surprised when approached by CrossRiverWatch.