World Bank to Back Nigeria’s Power Sector Reforms

The World Bank announced it will support Nigeria’s power sector reforms, concentrating on electricity tariff and subsidy frameworks to restore financial sustainability. Nigeria’s power industry has long suffered from heavy subsidies and chronic financial losses, which have strained public finances and limited investment. By providing technical assistance and potential funding, the World Bank aims to help the government redesign tariff structures and reduce subsidy burdens. The initiative is expected to improve the sector’s fiscal health, encourage private investment, and create a more stable electricity market. Implementation will involve revising tariff rates, tightening subsidy eligibility, and strengthening regulatory oversight to ensure long‑term viability.