Business News

Electricity: Senate Okays $500m World Bank Loan for Mass Metering

Mass Metering

By Adedapo Adesanya The Senate has approved President Bola Tinubu’s request to obtain a loan of $500 million from the World Bank to finance the mass metering programme of the federal government. The Deputy Senate President, Mr Barau Jibrin, who presided over the plenary on Wednesday, announced the approval after a majority of the lawmakers supported it through a voice vote. The loan was considered and approved by the Committee of the Senate on such matters. The upper chamber approved the fund for the Bureau of Public Enterprises (PBE) after considering a report of its Committee on Local and Foreign