{"id":4774,"date":"2024-05-31T13:05:37","date_gmt":"2024-05-31T13:05:37","guid":{"rendered":"https:\/\/www.bpe.gov.ng\/?p=4774"},"modified":"2025-10-29T09:51:52","modified_gmt":"2025-10-29T09:51:52","slug":"federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector","status":"publish","type":"post","link":"https:\/\/bpe.gov.ng\/staging\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\/","title":{"rendered":"Federal Government Secures $500 Million World Bank Loan to Bolster Nigerian Electricity Distribution Sector"},"content":{"rendered":"<div class=\"wpb-content-wrapper\" id=\"wpb-content-root\"><p>[vc_row pix_particles_check=&#8221;&#8221;][vc_column][vc_column_text css=&#8221;&#8221;]<span data-contrast=\"auto\">In a strategic move to address the identified gaps in the Electricity Distribution Companies (DisCos), the Federal Government of Nigeria has secured a $500 million loan from the World Bank. Approved on February 4, 2021, by the World Bank Board of Directors, this funding supports the Nigerian Distribution Sector Recovery Program (DISREP) aimed at improving the financial and technical performance of the DisCos.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">The Distribution Sector Recovery Program (DISREP) is designed to enhance the financial and technical operations of the DisCos through capital investment and the financing of key components of their Performance Improvement Plans (PIPs), which have been approved by the Nigerian Electricity Regulatory Commission (NERC). Key areas of improvement include:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ol>\n<li><span data-contrast=\"auto\">Bulk procurement of customer\/retail meters and meter data management systems.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li><span data-contrast=\"auto\">Implementation of a Data Aggregation Platform (DAP).<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li><span data-contrast=\"auto\">Strengthening governance and transparency within the DisCos<\/span><\/li>\n<li><span data-contrast=\"auto\">Program Components<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li><span data-contrast=\"auto\">The DISREP comprises two main components:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li><span data-contrast=\"auto\">Program for Results (PforR)<\/span><\/li>\n<li><span data-contrast=\"auto\">Allocation: $345 million<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li><span data-contrast=\"auto\">Purpose: Support the implementation of selected PIP components.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li><span data-contrast=\"auto\">Implementation: Bureau of Public Enterprises (BPE)<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li><span data-contrast=\"auto\">Investment Project Financing (IPF)<\/span><\/li>\n<li><span data-contrast=\"auto\">Allocation: $155 million<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<\/ol>\n<p><span data-contrast=\"auto\">The Purpose is to finance the procurement of meters, a Data Aggregation Platform, and Technical Assistance.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">The DISREP loan, particularly the Investment Project Financing (IPF) component, is expected to significantly benefit the Nigerian Electricity Supply Industry (NESI) by:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ol>\n<li><span data-contrast=\"auto\">Closing the metering gap<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li><span data-contrast=\"auto\">Reducing Aggregate Technical, Collection, and Commercial (ATC&amp;C) losses<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li><span data-contrast=\"auto\">Improving remittances and liquidity for the DisCos<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li><span data-contrast=\"auto\">Enhancing the reliability of the power supply<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li><span data-contrast=\"auto\">Increasing transparency and accountability within the DisCos<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<\/ol>\n<p><span data-contrast=\"auto\">The $500 million DISREP loan from the World Bank offers concessional financing with more favorable terms than commercial bank loans. This will enable the DisCos to:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ol>\n<li data-leveltext=\"%1.\" data-font=\"Century Gothic\" data-listid=\"15\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Invest in critical distribution infrastructure.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li data-leveltext=\"%1.\" data-font=\"Century Gothic\" data-listid=\"15\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Improve ATC&amp;C losses.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li data-leveltext=\"%1.\" data-font=\"Century Gothic\" data-listid=\"15\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Increase power supply reliability.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li data-leveltext=\"%1.\" data-font=\"Century Gothic\" data-listid=\"15\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Achieve financial sustainability in the power sector.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li data-leveltext=\"%1.\" data-font=\"Century Gothic\" data-listid=\"15\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Enhance transparency and accountability.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<\/ol>\n<p><span data-contrast=\"auto\">Significant progress has been made in the preparation of the DISREP Program, with several key milestones achieved, and approval by the Federal Executive Council (FEC) on August 3, 2022. execution of the Financing Agreement by the Federal Ministry of Finance, Budget and National Planning, and the World Bank, adoption of the Program Operations Manual (POM) by BPE and TCN, obtained Legal Opinion from the Attorney-General of the Federation, Execution of the Subsidiary Loan Agreement, effective declaration of the DISREP Program on January 31, 2023, inauguration of the DISREP Technical Committee on May 6, 2024, inclusion in the Federal Government Borrowing Plan, approved by the Senate Committee on May 16, 2024.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">To ensure repayment assurance, the Bureau of Public Enterprises sought and obtained approval from the Nigerian Electricity Regulatory Commission (NERC) and the National Council on Privatisation (NCP) for a structured repayment hierarchy. This structure prioritizes payments as follows:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ol>\n<li data-leveltext=\"%1.\" data-font=\"Century Gothic\" data-listid=\"17\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Statutory Payments (Taxes)<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li data-leveltext=\"%1.\" data-font=\"Century Gothic\" data-listid=\"17\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Repayment of CBN market loans<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li data-leveltext=\"%1.\" data-font=\"Century Gothic\" data-listid=\"17\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Market obligations<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li data-leveltext=\"%1.\" data-font=\"Century Gothic\" data-listid=\"17\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Repayment of DISREP loan<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<li data-leveltext=\"%1.\" data-font=\"Century Gothic\" data-listid=\"17\" data-list-defn-props=\"{&quot;335552541&quot;:0,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[65533,0],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;%1.&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">DisCos&#8217; net revenue<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/li>\n<\/ol>\n<p><span data-contrast=\"auto\">This structured repayment plan aims to mitigate risks associated with repayment uncertainty and defaults, with regulatory sanctions imposed for any defaults.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Amina Tukur Othman<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Head, Public Communication<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row pix_particles_check=&#8221;&#8221;][vc_column][vc_column_text css=&#8221;&#8221;]In a strategic move to address the identified gaps in the Electricity Distribution Companies (DisCos), the Federal Government of Nigeria has secured a $500 million loan from the World Bank. Approved on February 4, 2021, by the World&#8230;<\/p>\n","protected":false},"author":1,"featured_media":15288,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Federal Government Secures $500 Million World Bank Loan to Bolster Nigerian Electricity Distribution Sector - Bureau of Public Enterprise<\/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:\/\/bpe.gov.ng\/staging\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Federal Government Secures $500 Million World Bank Loan to Bolster Nigerian Electricity Distribution Sector\" \/>\n<meta property=\"og:description\" content=\"[vc_row pix_particles_check=&#8221;&#8221;][vc_column][vc_column_text css=&#8221;&#8221;]In a strategic move to address the identified gaps in the Electricity Distribution Companies (DisCos), the Federal Government of Nigeria has secured a $500 million loan from the World Bank. Approved on February 4, 2021, by the World...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bpe.gov.ng\/staging\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\/\" \/>\n<meta property=\"og:site_name\" content=\"Bureau of Public Enterprise\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-31T13:05:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-29T09:51:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bpe.gov.ng\/staging\/wp-content\/uploads\/2025\/08\/Bureau-of-Public-Enterprise-2741397833.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1447\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"BPE Communications\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BPENigeria\" \/>\n<meta name=\"twitter:site\" content=\"@BPENigeria\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"BPE Communications\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\\\/\"},\"author\":{\"name\":\"BPE Communications\",\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/#\\\/schema\\\/person\\\/f460e59a81ee781678b5c709e6ccc574\"},\"headline\":\"Federal Government Secures $500 Million World Bank Loan to Bolster Nigerian Electricity Distribution Sector\",\"datePublished\":\"2024-05-31T13:05:37+00:00\",\"dateModified\":\"2025-10-29T09:51:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\\\/\"},\"wordCount\":539,\"publisher\":{\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/Bureau-of-Public-Enterprise-2741397833.jpeg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\\\/\",\"url\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\\\/\",\"name\":\"Federal Government Secures $500 Million World Bank Loan to Bolster Nigerian Electricity Distribution Sector - Bureau of Public Enterprise\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/Bureau-of-Public-Enterprise-2741397833.jpeg\",\"datePublished\":\"2024-05-31T13:05:37+00:00\",\"dateModified\":\"2025-10-29T09:51:52+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\\\/#primaryimage\",\"url\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/Bureau-of-Public-Enterprise-2741397833.jpeg\",\"contentUrl\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/Bureau-of-Public-Enterprise-2741397833.jpeg\",\"width\":2048,\"height\":1447},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Federal Government Secures $500 Million World Bank Loan to Bolster Nigerian Electricity Distribution Sector\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/#website\",\"url\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/\",\"name\":\"Bureau of Public Enterprise\",\"description\":\"Privatization &amp; Commercialization in Nigeria\",\"publisher\":{\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/#organization\",\"name\":\"Bureau of Public Enterprise\",\"url\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bpe.gov.ng\\\/wp-content\\\/uploads\\\/2025\\\/10\\\/featured-img-default.jpg\",\"contentUrl\":\"https:\\\/\\\/www.bpe.gov.ng\\\/wp-content\\\/uploads\\\/2025\\\/10\\\/featured-img-default.jpg\",\"width\":1920,\"height\":1280,\"caption\":\"Bureau of Public Enterprise\"},\"image\":{\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/BPENigeria\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/bureau-of-public-enterprises-bpe\\\/\",\"https:\\\/\\\/www.instagram.com\\\/bpenigeria\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/#\\\/schema\\\/person\\\/f460e59a81ee781678b5c709e6ccc574\",\"name\":\"BPE Communications\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4fd32108bec32e8845dc41457f2a6e15fdb0dbd85d9ab599819ca96187ad9136?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4fd32108bec32e8845dc41457f2a6e15fdb0dbd85d9ab599819ca96187ad9136?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4fd32108bec32e8845dc41457f2a6e15fdb0dbd85d9ab599819ca96187ad9136?s=96&d=mm&r=g\",\"caption\":\"BPE Communications\"},\"sameAs\":[\"https:\\\/\\\/bpe.gov.ng\"],\"url\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/author\\\/ch-emm\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Federal Government Secures $500 Million World Bank Loan to Bolster Nigerian Electricity Distribution Sector - Bureau of Public Enterprise","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bpe.gov.ng\/staging\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\/","og_locale":"en_US","og_type":"article","og_title":"Federal Government Secures $500 Million World Bank Loan to Bolster Nigerian Electricity Distribution Sector","og_description":"[vc_row pix_particles_check=&#8221;&#8221;][vc_column][vc_column_text css=&#8221;&#8221;]In a strategic move to address the identified gaps in the Electricity Distribution Companies (DisCos), the Federal Government of Nigeria has secured a $500 million loan from the World Bank. Approved on February 4, 2021, by the World...","og_url":"https:\/\/bpe.gov.ng\/staging\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\/","og_site_name":"Bureau of Public Enterprise","article_published_time":"2024-05-31T13:05:37+00:00","article_modified_time":"2025-10-29T09:51:52+00:00","og_image":[{"width":2048,"height":1447,"url":"https:\/\/bpe.gov.ng\/staging\/wp-content\/uploads\/2025\/08\/Bureau-of-Public-Enterprise-2741397833.jpeg","type":"image\/jpeg"}],"author":"BPE Communications","twitter_card":"summary_large_image","twitter_creator":"@BPENigeria","twitter_site":"@BPENigeria","twitter_misc":{"Written by":"BPE Communications","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/bpe.gov.ng\/staging\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\/#article","isPartOf":{"@id":"https:\/\/bpe.gov.ng\/staging\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\/"},"author":{"name":"BPE Communications","@id":"https:\/\/bpe.gov.ng\/staging\/#\/schema\/person\/f460e59a81ee781678b5c709e6ccc574"},"headline":"Federal Government Secures $500 Million World Bank Loan to Bolster Nigerian Electricity Distribution Sector","datePublished":"2024-05-31T13:05:37+00:00","dateModified":"2025-10-29T09:51:52+00:00","mainEntityOfPage":{"@id":"https:\/\/bpe.gov.ng\/staging\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\/"},"wordCount":539,"publisher":{"@id":"https:\/\/bpe.gov.ng\/staging\/#organization"},"image":{"@id":"https:\/\/bpe.gov.ng\/staging\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\/#primaryimage"},"thumbnailUrl":"https:\/\/bpe.gov.ng\/staging\/wp-content\/uploads\/2025\/08\/Bureau-of-Public-Enterprise-2741397833.jpeg","articleSection":["News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/bpe.gov.ng\/staging\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\/","url":"https:\/\/bpe.gov.ng\/staging\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\/","name":"Federal Government Secures $500 Million World Bank Loan to Bolster Nigerian Electricity Distribution Sector - Bureau of Public Enterprise","isPartOf":{"@id":"https:\/\/bpe.gov.ng\/staging\/#website"},"primaryImageOfPage":{"@id":"https:\/\/bpe.gov.ng\/staging\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\/#primaryimage"},"image":{"@id":"https:\/\/bpe.gov.ng\/staging\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\/#primaryimage"},"thumbnailUrl":"https:\/\/bpe.gov.ng\/staging\/wp-content\/uploads\/2025\/08\/Bureau-of-Public-Enterprise-2741397833.jpeg","datePublished":"2024-05-31T13:05:37+00:00","dateModified":"2025-10-29T09:51:52+00:00","breadcrumb":{"@id":"https:\/\/bpe.gov.ng\/staging\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/bpe.gov.ng\/staging\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/bpe.gov.ng\/staging\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\/#primaryimage","url":"https:\/\/bpe.gov.ng\/staging\/wp-content\/uploads\/2025\/08\/Bureau-of-Public-Enterprise-2741397833.jpeg","contentUrl":"https:\/\/bpe.gov.ng\/staging\/wp-content\/uploads\/2025\/08\/Bureau-of-Public-Enterprise-2741397833.jpeg","width":2048,"height":1447},{"@type":"BreadcrumbList","@id":"https:\/\/bpe.gov.ng\/staging\/federal-government-secures-500-million-world-bank-loan-to-bolster-nigerian-electricity-distribution-sector\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/bpe.gov.ng\/staging\/"},{"@type":"ListItem","position":2,"name":"Federal Government Secures $500 Million World Bank Loan to Bolster Nigerian Electricity Distribution Sector"}]},{"@type":"WebSite","@id":"https:\/\/bpe.gov.ng\/staging\/#website","url":"https:\/\/bpe.gov.ng\/staging\/","name":"Bureau of Public Enterprise","description":"Privatization &amp; Commercialization in Nigeria","publisher":{"@id":"https:\/\/bpe.gov.ng\/staging\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bpe.gov.ng\/staging\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/bpe.gov.ng\/staging\/#organization","name":"Bureau of Public Enterprise","url":"https:\/\/bpe.gov.ng\/staging\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/bpe.gov.ng\/staging\/#\/schema\/logo\/image\/","url":"https:\/\/www.bpe.gov.ng\/wp-content\/uploads\/2025\/10\/featured-img-default.jpg","contentUrl":"https:\/\/www.bpe.gov.ng\/wp-content\/uploads\/2025\/10\/featured-img-default.jpg","width":1920,"height":1280,"caption":"Bureau of Public Enterprise"},"image":{"@id":"https:\/\/bpe.gov.ng\/staging\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/BPENigeria","https:\/\/www.linkedin.com\/company\/bureau-of-public-enterprises-bpe\/","https:\/\/www.instagram.com\/bpenigeria"]},{"@type":"Person","@id":"https:\/\/bpe.gov.ng\/staging\/#\/schema\/person\/f460e59a81ee781678b5c709e6ccc574","name":"BPE Communications","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4fd32108bec32e8845dc41457f2a6e15fdb0dbd85d9ab599819ca96187ad9136?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4fd32108bec32e8845dc41457f2a6e15fdb0dbd85d9ab599819ca96187ad9136?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4fd32108bec32e8845dc41457f2a6e15fdb0dbd85d9ab599819ca96187ad9136?s=96&d=mm&r=g","caption":"BPE Communications"},"sameAs":["https:\/\/bpe.gov.ng"],"url":"https:\/\/bpe.gov.ng\/staging\/author\/ch-emm\/"}]}},"_links":{"self":[{"href":"https:\/\/bpe.gov.ng\/staging\/wp-json\/wp\/v2\/posts\/4774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bpe.gov.ng\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bpe.gov.ng\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bpe.gov.ng\/staging\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bpe.gov.ng\/staging\/wp-json\/wp\/v2\/comments?post=4774"}],"version-history":[{"count":2,"href":"https:\/\/bpe.gov.ng\/staging\/wp-json\/wp\/v2\/posts\/4774\/revisions"}],"predecessor-version":[{"id":16368,"href":"https:\/\/bpe.gov.ng\/staging\/wp-json\/wp\/v2\/posts\/4774\/revisions\/16368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bpe.gov.ng\/staging\/wp-json\/wp\/v2\/media\/15288"}],"wp:attachment":[{"href":"https:\/\/bpe.gov.ng\/staging\/wp-json\/wp\/v2\/media?parent=4774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bpe.gov.ng\/staging\/wp-json\/wp\/v2\/categories?post=4774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bpe.gov.ng\/staging\/wp-json\/wp\/v2\/tags?post=4774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}