| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 449.00 |
| IDA Credit | 301.00 |
| Borrower/Recipient | 2181.00 |
Nigeria - AF Power Sector Recovery Performance Based Operation
Development Objective
The objectives of the Operation are to improve the reliability of electricity supply, achieve financial and fiscal sustainability, and enhance accountability.
Key Details
Project Details
P174622
Active
Daniel Camos Daurella
Federal Republic of Nigeria
July 8, 2022
(as of board presentation)
June 9, 2023
N/A
US$ 750.00 million
Budget Office of the Federation,Nigerian Electricity Regulatory Commission,Transmission Company of Nigeria,Nigerian Bulk Electricity Trading
2023
US$ 750.00 million
N/A
Not Applicable
June 30, 2027
Yes
BANK APPROVED
May 14, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 449.00 |
| IDA Commitment | 301.00 |
| IBRD + IDA Commitment | 750.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 750.00 |
Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025
No data available.
Detailed Financial Activity as of July 31, 2025
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Annual electricity supplied to the distribution grid is increased Value 26917.00 28158.00 39420.00 Date December 3, 2018 December 30, 2022 December 30, 2026 Comment Public awareness about ongoing power sector reforms and performance increases Value 13.00 14.00 40.00 Date December 3, 2018 December 14, 2022 December 30, 2022 Comment Annual tariff shortfalls Value Billion Naira 581 Billion Naira 244.7 0 Naira Date January 1, 2019 January 1, 2022 December 30, 2026 Comment Public awareness about ongoing power sector reforms and performance among women increases Value 10.00 4.00 30.00 Date December 3, 2018 December 14, 2022 December 30, 2022 Comment New tariff shortfalls are funded from non CBN sources once the PAF is depleted? Value 0.00 100.00 100.00 Date December 3, 2018 December 30, 2022 December 30, 2026 Comment Net greenhouse gas (GHG) emissions Value 49000.00 49000.00 774000.00 Date October 1, 2022 December 30, 2022 December 31, 2026 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
NERC approves the Least Cost Power Development Plan Value No No Yes Date October 1, 2022 October 1, 2022 December 30, 2026 Comment Audited financial statements of DISCOs are published annually Value No Yes Yes Date December 3, 2018 December 31, 2022 December 30, 2022 Comment PIPs of DISCOs are implemented and monitored by NERC to remove the constraints to supply in their networks Value No No Yes Date December 3, 2018 December 13, 2021 December 31, 2026 Comment Revenue requirement of DISCOs is set consistent with semi-annual MYTO minor reviews and MYTO extraordinary review Value No Yes Yes Date December 3, 2018 December 14, 2022 December 30, 2022 Comment Key operational and financial data for the power sector are published quarterly on NERC website Value No Yes Yes Date December 3, 2018 December 31, 2022 December 30, 2022 Comment Business continuity arrangements for DISCOs are implemented: the lists of qualified experts (with minimum 20% of women) to take over DISCO management are updated annually Value No Yes Yes Date December 3, 2018 December 14, 2021 December 31, 2026 Comment End-user electricity tariffs are adjusted consistent with FGN approved PSRP Financing Plans Value No Yes Yes Date December 3, 2018 December 14, 2022 December 31, 2026 Comment DISCOs’ recurrent payment obligations to NBET are paid Value 29.00 76.50 90.00 Date December 3, 2018 December 31, 2022 December 31, 2026 Comment Historical tariff shortfalls and associated interest are removed from DISCOs’ books Value No Yes Yes Date December 3, 2018 December 30, 2022 December 30, 2022 Comment Operational procedures of ISO are updated Value No No Yes Date October 1, 2022 October 1, 2022 December 31, 2024 Comment PIP of TCN is implemented and monitored by NERC to remove the constraints to supply in its network Value No No Yes Date October 1, 2022 October 1, 2022 December 31, 2026 Comment NERC approves updated Fit and Proper regulation Value No No Yes Date October 1, 2022 October 1, 2022 December 31, 2023 Comment Implementation of approved PIPs is enforced (scalable portion) Value Transmission system delivery capacity in 2021 is 7 Transmission system delivery capacity in 2021 is 7 Available installed transmission capacity (i.e., p Date October 1, 2022 October 1, 2022 December 31, 2026 Comment Existing PPAs with NBET are being activated and enforced; bilateral contracting framework is strengthened and enforced (scalable portion) Value 15,862 GWH delivered to DISCOs in January-June 202 15,862 GWH delivered to DISCOs in January-June 202 Actual energy sent out to DisCos in January-Decemb Date October 1, 2022 October 1, 2022 December 31, 2026 Comment