Archivi.ng | TELL, Monday, March 6, 2000

Newspaper from 2000/03/06

The text discusses the ongoing power project in Nigeria involving the American firm Enron and the Nigerian government. Following a request from President Olusegun Obasanjo, the project is set to expand its budget and capacity. However, the World Bank has criticized the agreement, stating it is overly favorable to Enron and places Nigeria at a disadvantage. The report highlights issues such as the lack of competitive bidding, financial burdens on the Nigerian government, and the potential negative impact on the privatization of the national power company, NEPA. Despite some officials defending the project, there are concerns about its feasibility and the long-term implications for Nigeria's power supply.

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The text discusses the ongoing power project in Nigeria involving the American firm Enron and the Nigerian government. Following a request from President Olusegun Obasanjo, the project is set to expand its budget and capacity. However, the World Bank has criticized the agreement, stating it is overly favorable to Enron and places Nigeria at a disadvantage. The report highlights issues such as the lack of competitive bidding, financial burdens on the Nigerian government, and the potential negative impact on the privatization of the national power company, NEPA. Despite some officials defending the project, there are concerns about its feasibility and the long-term implications for Nigeria's power supply.

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