NIGERIA’S efforts to improve electricity supply face serious uncertainty. This follows the Federal Government’s decision to cancel $717.7 million in undisbursed World Bank funding for the sector. This is an indictment of a segment that has consumed billions of dollars in public and multilateral financing over two decades, yet remains incapable of delivering reliable electricity to citizens and businesses.
Once again, this cancellation exposes the deep structural failures, policy inconsistencies and governance weaknesses that continue to cripple Nigeria’s electricity industry.
The World Bank’s Power Sector Recovery Operation, approved in 2020 and later expanded to a total package of $1.52 billion, was designed to address the sector’s chronic dysfunction.
Its objectives were to improve electricity supply, strengthen financial sustainability, reduce tariff deficits, enhance governance and restore investor confidence.
Yet six years later, the programme has ended prematurely, with nearly half of the funds undisbursed because Nigeria failed to meet critical reform
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