In a statement signed by Chigbo Anichebe, head, Public Communication, Bureau of Public Enterprises (BPE), recently, the organisation has announced that the World Bank would support the Nigerian Power Sector with $1.75 billion (about N294 billion) over the next four years.
According to the statement, Eric Fernstrom, the Country Energy Task team leader for Nigeria, disclosed this at a Capacity Building Programme on Post Privatization Monitoring for Power Sector, which was jointly organized by the bank and the BPE to ensure that the reform objectives were realized.
The workshop, which attracted participants from critical sector stakeholders, including the NERC, Presidential Taskforce on Power, Transmission Company of Nigeria, exposed participants to the techniques, methods and information sources for effective post-privatization monitoring and evaluation of PHCN successor companies.
Fernstrom said that the $1.75 billion was 25 per cent of a total $7 billion earmarked for Nigeria in the next four years.
The workshop was meant to enable participants analyze performance targets, using relevant tools as well as expose them to strategies for effective engagement and collaboration with relevant stakeholders.
Benjamin Dikki, director-general, BPE, commended the workshop for greatly increasing the capacity of the participants to effectively monitor power companies.
Dikki also expressed gratitude to the World Bank for its continued support to the BPE over the years and for sponsoring the programme.

Johnson Alabi
Leave a reply