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Here are the names and nationalities of the 25 defendants convicted international $215M Scam
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Mag Cypher retweeted
FG Frees 44 Containers of Electrical Equipment Trapped at Apapa Port for 20 Years
The Nigeria Customs Service (NCS) has commenced the evacuation of 98 containers of electricity transmission equipment abandoned at Nigerian ports for between 14 and 20 years.
You no fit lie for me. Na them ๐
๐ง๐ถ๐ป๐๐ฏ๐ ๐ฐ๐ผ๐ป๐ด๐ฟ๐ฎ๐๐๐น๐ฎ๐๐ฒ๐ ๐๐๐๐ถ๐ป๐ฒ๐๐๐๐ฎ๐ ๐ฝ๐๐ฏ๐น๐ถ๐๐ต๐ฒ๐ฟ ๐๐ถ๐ด๐ฏ๐ผ๐ด๐๐ป ๐ฎ๐ 70
๐ฅ๐ฒ๐ฎ๐ฑ ๐ ๐ผ๐ฟ๐ฒ: punchng.com/tinubu-congratulโฆ
Very insightful conversation!
Watch Uchenna Mkparu, Chief Investment Officer, United Capital Infrastructure Fund, talk about:
1. Patient Capital and,
2. Funding the Lagos/Fenchurch Akute Power Plant deal among other industry conversations.
Below ๐
youtu.be/fb_8jdMPzpQ?si=zY-3โฆ
Mag Cypher retweeted
Watch Uchenna Mkparu, Chief Investment Officer, United Capital Infrastructure Fund, talk about:
1. Patient Capital and,
2. Funding the Lagos/Fenchurch Akute Power Plant deal among other industry conversations.
Below ๐
youtu.be/fb_8jdMPzpQ?si=zY-3โฆ
Mag Cypher retweeted
5pm today with Uchenna Mkparu, Chief Investment Officer, United Capital Infrastructure Fund (UCIF).
Not all gloomy for Nigeria, I guess
Just In:
Nigeriaโs $500m power sector recovery programme (DISREP) is still alive despite the World Bank cancelling $717m in undisbursed PSRP financing.
The World Bank says it remains โfully committedโ to improving Nigeriaโs electricity distribution network through smart metering, grid upgrades and better Disco performance.
So far:
โก 265,000 meters installed
โก 400,000 smart meters delivered
โก Billing efficiency up to 82.12%
โก Collections improved to 75.56%
โก 292,000 Nigerians gained electricity access
The programme now runs till 2028, with over $403m yet to be disbursed.
#Nigeria #PowerSector #Electricity #WorldBank #DISREP #Energy #RenewableEnergy #DisCos #SmartMeters #Infrastructure
Mag Cypher retweeted
Why did Nigeria lose $717 million in World Bank power sector funding?
Because the naira crash made electricity reforms harder to sustain.
Nigeria generates most of its power from dollar-priced gas while electricity tariffs remain subsidised.
The result?
A โฆ1.9 trillion annual tariff shortfall.
Hereโs how Nigeriaโs currency crisis became an electricity crisis ๐๐ฝ
#Nigeria #WorldBank #Electricity #Naira #PowerSector #EnergyCrisis
