Daily Query

The liberal, independent, newspaper devoted to fair, balanced, and progressive ideas on Nigerian, African, and global affairs.

Nigeria’s Power Sector crisis deepens; government scraps $717.7M World Bank loan

The Nigerian government has officially scrapped a $717.7 million loan from the World Bank. The funding, originally earmarked to overhaul the nation’s collapsing electricity infrastructure, was aborted following internal tracking reports revealing deep-seated inefficiencies and underutilized international funds. ​The decision comes at
June 2, 2026

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