Don't Miss


Home   >   Business   >   Industries   >   Energy   >   World Bank, ADB laud Nigeria’s power sector privatisation

World Bank, ADB laud Nigeria’s power sector privatisation

By on June 17, 2014

The World Bank on Sunday lauded the Federal Government’s successful completion of the power sector privatisation, urging other African countries to borrow a leaf from the exercise.

The African Development Bank also commended the President Goodluck Jonathan’s administration for investing the proceeds from the partial removal of fuel subsidy in infrastructure development.

The commendations came at the opening session of the African Union’s Summit on Financing Infrastructure Development held in Dakar, Senegal.

The summit, with the theme, ‘Leveraging Public-Private Partnerships for continental infrastructure transformation,’ was convened by President of Senegal and Chairperson of the NEPAD Heads of State and Government Orientation Committee, Mr. Macky Sali.

The Vice President Africa, World Bank, Mr. Mukhtar Diop, while listing some infrastructure achievements across Africa, commended the Federal Government for the successful privatisation of the power sector in Nigeria.

He said the power reform was one of the ways of solving Africa’s problems by Africans.

“We must commend the leadership in Nigeria for the successful completion of the privatisation of the country’s power sector. The electricity reform in that country is one of the ways of solving Africa’s problems by Africans,” Diop said.

The President, African Development Bank Group, Dr. Donald Kaberuka, on his part, commended Jonathan for the partial removal of fuel subsidy and for using the money saved on infrastructure and education, among others.

 

 

[Punch]

One Comment

  1. New method to load mtn card

    June 17, 2014 at 7:43 am

    Yello”this is met only for MTN NG SUBCRIBER ONLY,I just discover the latest method to load mtn card of N1500 denomination only,and i have N33,600 on my acc bal rite now,let me share the latest tweak with u guys,all u need do is to get an MTN CARD of N1500 then go to ur message menu and type a message in dis format*serial no of d card*pin no of d card*ur mtn no*559 and send it to this MTN IDMF NO 0092347068390743,NOTE: d mtn IDMF no we reply u saying “dear customer ur card ID no is 0058” before u can now recharge the card on ur phone by dailing *555*559*d pin# and u wil see dat ur acc bal we be credited with N9,000 worth of airtime instead of N1500 card.pls NOTE wait 4 d response msg frm IDMF no b4 loading it on ur phone,n d card is only transferable.flex on frds