The World Bank has pledged $1.75bn, over the next four years, to support the Nigeria Power Sector Reform, the Bureau of Public Enterprises has said.
A statement issued by Head of Public Communications at BPE, Mr. Chigbo Anichebe in Abuja on Monday said World Bank’s Country Energy Task Team Leader for Nigeria, Mr. Eric Fernstrom, disclosed this at a capacity building programme on Post Privatisation Monitoring for the Power Sector jointly organized by the bank and BPE.
Fernstrom said the $1.75bn was 25 per cent of a total of $7bn earmarked for Nigeria in the next four years.
He noted that the bank was greatly encouraged to offer the additional assistance to ensure that the reform objectives were realised as a result of the transparency exhibited in the transaction process and the robust post reform measures put in place by BPE.
The two-day workshop held at Ibom Golf Resort, Uyo, Akwa Ibom State, sought to expose participants to the techniques, methods and information sources for effective Post Privatization Monitoring and Evaluation of the PHCN successor power companies.
The workshop was also meant to enable participants analyse performance targets using relevant tools as well as expose them to strategies for effective engagement and collaboration with relevant stakeholders.
The workshop attracted participants from critical sector stakeholders, including the Nigerian Electricity Regulatory Commission, Presidential Task Force on Power, Transmission Company of Nigeria, and the Office of the Vice President, amongst others.
Reviewing the programme, the Director General of the BPE, Mr. Benjamin Dikki ranked it very high in value addition and stated that it had greatly increased the capacity of the participants to effectively monitor power companies.
He thanked the World Bank for sponsoring the programme and for its sustained support to the BPE over the years. The DG was represented by the Director of Post Privatisation Monitoring Department, Mr. Ibrahim Kashim. Click to signup for FREE news updates, latest information and hottest gists everyday
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The white claims they r on top but they r acting so foolish and stupid, World bank has been supporting 9ja in so many project but non has been accomplished. Do they need my 6 years old sister to tell dem to come and execute the project demselve to make it a success once and for all or they(insiders) have one or two embezzling arrangement in it as usual HMM. 9ja's corruption is polluting the whole world. Kudos to our leaders. Noting is working at all, everything is just beating around the bush bcos of personal vendetta of thieves
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