{"id":323092,"date":"2024-05-16T06:58:07","date_gmt":"2024-05-16T05:58:07","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=323092"},"modified":"2024-05-16T06:58:07","modified_gmt":"2024-05-16T05:58:07","slug":"electricity-meters-tinubu-gets-senate-approval-to-borrow-500m-from-world-bank","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/05\/16\/electricity-meters-tinubu-gets-senate-approval-to-borrow-500m-from-world-bank\/","title":{"rendered":"Electricity meters: Tinubu gets senate approval to borrow $500m from World Bank"},"content":{"rendered":"<ul>\n<li><strong>The loan, which was approved on Wednesday, will be used to provide electricity metres in the country.<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Nigeria\u2019s upper legislative chamber, the Senate, has approved a $500 million World Bank loan request by President Bola Ahmed <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/05\/15\/tinubu-seeks-senate-confirmation-for-four-sec-board-members\/\">Tinubu<\/a>.<\/p>\n<p>The loan, which was approved on Wednesday, will be used for provision electricity metres in the country.<\/p>\n<p>The approval was consequent upon the consideration of the report of the Senate Committee on Local and Foreign Debts which was presented by the committee\u2019s vice chairman, Senator Haruna Manu (Taraba Central).<\/p>\n<p>The fund was approved for the Bureau of Public Enterprises (BPE).<\/p>\n<p>The $500 million loan was part of the $7.94 billion World Bank loan which President Bola Tinubu sought the Senate\u2019s approval for on November 1, 2023.<\/p>\n<p>It was under the 2022-2024 external borrowing plan.<\/p>\n<p>Manu, while presenting the report, said the programme development objective of the project was to improve the financial and technical performance of electricity distribution companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The loan, which was approved on Wednesday, will be used to provide electricity metres in the country. Nigeria\u2019s upper legislative chamber, the Senate, has approved a $500 million World Bank loan request by President Bola Ahmed Tinubu. The loan, which was approved on Wednesday, will be used for provision electricity metres in the country. The [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":313359,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2],"tags":[3058,143,28,4522],"class_list":["post-323092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-electricity-meters","tag-loan","tag-tinubu","tag-world-bank"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Electricity meters: Tinubu gets senate approval to borrow $500m from World Bank<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2024\/05\/16\/electricity-meters-tinubu-gets-senate-approval-to-borrow-500m-from-world-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electricity meters: Tinubu gets senate approval to borrow $500m from World Bank\" \/>\n<meta property=\"og:description\" content=\"The loan, which was approved on Wednesday, will be used to provide electricity metres in the country. Nigeria\u2019s upper legislative chamber, the Senate, has\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2024\/05\/16\/electricity-meters-tinubu-gets-senate-approval-to-borrow-500m-from-world-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-16T05:58:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2024\/03\/Tinubu-1-750x532-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"532\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Afolabi Hakim\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" 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