The International Finance Corporation, a member of the World Bank Group, on Friday announced a plan to support investments that would add 1,500 megawatts of power generation capacity to the Nigerian national grid and provide electricity for up to eight million households over the next 18 months. IFC, in a […]
Tag: World Bank
IFC to issue up to $1 billion in Nigerian naira bonds
The International Finance Corporation will launch a $1 billion local currency bond programme in Nigeria that will allow it to issue debt regularly to fund infrastructure and other development projects, it said on Wednesday. The IFC, the World Bank’s private sector arm, said the programme would help deepen domestic capital […]
World Bank reviews $5.4bn investments in Nigeria
The World Bank on Tuesday began a review of its investments and activities worth $5.4bn in Nigeria. The investments are in 26 projects and involve 200 entities across the country. Speaking at the beginning of the review in Minna, Niger State, the World Bank Country Director in Nigeria, Ms. Marie-Francoise […]
