Would you like to receive notifications on latest updates of the following headlines?

World Bank approves $500m for SPIN project in Nigeria

POSTED ON October 4, 2024 •   BUSINESS & ECONOMY      BY Abiodun Saheed Omodara
World bank l Credit: @WorldBank

The World Bank has approved $500 million for the execution of the Sustainable Power and Irrigation in Nigeria (SPIN) project in the country.

The Regional Director, Sustainable Infrastructure Development for West and Central Africa of the bank, Mr. Chakib Jenane, announced this during a meeting with the Minister of Water Resources and Sanitation, Prof. Joseph Terlumun Utsev and the Minister of State for Water Resources and Sanitation, Bello Goronyo, in his office.

The Personal Assistant on Media and Publicity to the Minister of Water Resources and Sanitation, Mr. Terhemen Oraduen, in a statement, quoted Mr. Jenane as explaining that the approval was granted during the World Bank’s board meeting held last month in Washington DC, United States.

He commended the unwavering commitment and leadership role played by President Bola Ahmed Tinubu and the proactive steps taken by Prof. Utsev, saying they attracted such huge intervention from the World Bank to bridge the water, sanitation and hydropower gap in the country.

The World Bank team also discussed the TRIMMING project which is due to end next year and provided an update on the SURWASH mid-term review during which they appealed to more states to key into the programme to maximise its benefits.

Responding, the Water Resources and Sanitation minister acknowledged the sustained support of the World Bank for the development of hydropower, dams and irrigation projects in the country.

READ ALSO
Nigeria Aims to Eliminate Routine Flaring by 2030 and Cut Methane Emissions by 60% by 2031
BY Abiodun Saheed Omodara July 3, 2025 0

The Nigerian Upstream Petroleum Regulatory Commission has announced that its gas-focused transition...

READ ALSO
NNPCL Revamps Financial Discipline, Collaborate with Independent Producers
BY Abiodun Saheed Omodara July 3, 2025 0

The CEO of Seplat Energy Plc, Roger Brown, stated that the Nigerian National Petroleum Company Limit...

READ ALSO
Nigeria Unveils 37 New Crude Oil Evacuation Routes to Combat Theft and Boost Production
BY Abiodun Saheed Omodara July 3, 2025 0

The Federal Government has sanctioned 37 new crude oil evacuation routes nationwide as part of refor...

READ ALSO
Dangote Slash Petrol Price to N840 per Litre Amid Market Adjustments
BY Abiodun Saheed Omodara June 30, 2025 0

The Dangote Petroleum Refinery has lowered the ex-depot price of Premium Motor Spirit, commonly refe...

READ ALSO
Tinubu Empowers ICRC to Streamline PPP Processes
BY Abiodun Saheed Omodara June 30, 2025 0

President Bola Tinubu has authorized the Infrastructure Concession Regulatory Commission (ICRC) to e...

READ ALSO
Nigeria's Public Debt Reaches N149.39 Trillion, Marking 22.8% Annual Increase
BY Abiodun Saheed Omodara June 28, 2025 0

As of March 31, 2025, Nigeria's total public debt reached N149.39 trillion, showing an annual increa...

READ ALSO
Dangote Decries Inconsistent Policies, Poor Power Supply as Barriers to Africa’s Industrial Growth
BY Abiodun Saheed Omodara June 27, 2025 0

Africa’s foremost industrialist and President of Dangote Industries Limited (DIL), Alhaji Alik...

READ ALSO
Transition of Tax Collection to NRS Announced, New VAT Sharing Begins January 1, 2026
BY Abiodun Saheed Omodara June 27, 2025 0

President Bola Tinubu signed four tax reform bills into law on Thursday, indicating Nigeria's commit...

OUR CHANNELS:

Police Arrest Six After Abuja Market Killing
BY Abiodun Saheed Omodara July 5, 2025 0

At least six suspects connected to the killing that led to unrest at Gosa Market on Airport Road in...


Dengue Fever Outbreak, 86 Cases Confirmed
BY Abiodun Saheed Omodara July 5, 2025 0

EDO, Nigeria - The Ministry of Health in Edo State reported on Friday that there is an outbreak of d...


Former Arsenal Star Thomas Partey Charged with Multiple Sexual Offences
BY Abiodun Saheed Omodara July 5, 2025 0

Former Arsenal midfielder Thomas Partey has been formally charged with several sexual offences by th...


Federal High Court Orders Reinstatement of  Natasha Akpoti-Uduaghan, Calls Suspension "Excessive"
BY Abiodun Saheed Omodara July 4, 2025 0

A Federal High Court in Abuja ruled on Friday that the Nigerian Senate exceeded its authority by sus...


UK Govt. Bans Caregiver Jobs Major Changes for Nigerian Applicants
BY Abiodun Saheed Omodara July 5, 2025 0

Nigerians looking to move to the United Kingdom (UK) for better opportunities through caregiver job...


Liverpool Star Diogo Jota Dies Days After Wedding
BY Abiodun Saheed Omodara July 5, 2025 0

The forward for Liverpool and the Portugal national team, Diogo Jota, has tragically died at the age...


EFCC Nabs 18 Young Men in Major Internet Fraud Bust
BY Abiodun Saheed Omodara July 5, 2025 0

In its ongoing campaign against illicit activities, the Economic and Financial Crimes Commission (EF...


Nigeria Aims to Eliminate Routine Flaring by 2030 and Cut Methane Emissions by 60% by 2031
BY Abiodun Saheed Omodara July 6, 2025 0

The Nigerian Upstream Petroleum Regulatory Commission has announced that its gas-focused transition...


Nigeria's Civil Service Faces Redundancy Due to Obsolete Skills
BY Abiodun Saheed Omodara July 5, 2025 0

The Federal Civil Service Commission has stated that the primary issue plaguing the civil service is...


2027 Election: Aisha Yesufu Urges ADC to Prioritize Youth,Women in Leadership
BY Abiodun Saheed Omodara July 5, 2025 0

Socio-political activist Aisha Yesufu has expressed concerns regarding the makeup of the recently fo...


More Articles

Load more...

Menu