AfDB to Run Nigeria’s Power Company

AfDB to Run Nigeria’s Power Company

African Development Bank’s (AfDB) energy expert, Usman Gor Mohammed, was appointed to run Transmission Company of Nigeria (TCN), owned by Nigeria’s Power Ministry, in attempts to enhance the current power situation in the country, reported ESI Africa Power Journal.

This comes as AfDB approved a loan of $155m in early February for Economic and Power Sector Reform Program (EPSERP) in Nigeria, informed The Guardian.

This loan could be a face-off between the Nigerian Senate and the Federal Government on plans aiming to secure a facility of $174m from AfDB as part of the security for the loan was the handing over the management of TCN to AfDB.

However, this arrangement has caused a stir among some employees as members of the Senior Staff Association and Allied Electricity Company (SSAAEC) and the National Union of Electricity Employees (NUEE) held a protest against the Minister’s plans to remove TCN’s Managing Director, Atiku Abubakar, and replace him with AfDB’s candidate.

Sarah Samir 2903 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password