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World Bank To Send Mission To Supervise FG’s Utilisation Of ‘Depleted’ $500m Loan

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THE World Bank has announced that a ‘supervision mission’ would be sent next month in response to the under-performance of a $500 million loan initially aimed at improving Nigeria’s electricity distribution sector.

According to the latest “Implementation Status & Results Report” for the loan project obtained from the World Bank, this mission, scheduled from July 8 to July 12, 2024, comes in response to the persistent challenges and underwhelming progress of the Nigeria Distribution Sector Recovery Program (DISREP).

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