The World Bank has commenced preparations for the $500m Nigerian Electricity Distribution Improvement Project (NEDIP), The Punch reports.
It was learnt that the bank had conducted a fact-finding mission in the distribution sub-sector of the industry in order to ascertain how it could help boost service delivery by the power distributors. Documents on Nigeria’s Power Sector Recovery Programme revealed that the global financial institution had met with officials of the Federal Ministry of Power, Works and Housing and other operators in the sector as regards the development.
The PSRP, which is domiciled at the headquarters of the Nigerian Electricity Regulatory Commission (NERC), stated, “The World Bank conducted a fact-finding mission that would foster project development for the distribution sub-sector support.”
“World Bank representatives met with stakeholders from the Ministry of Power, Works and Housing, NERC, Ministry of Finance and Bureau of Public Enterprises, in addition to private sector operatives, Discos and commercial bank representatives. The NEDIP is expected to contribute to the operationalisation of the distribution segment under the PSRP.”
