Senior Federal Government of Nigeria (FGN) and World Bank Group (WBG) officials have been negotiating an estimated $2.519bn loan to support the Buhari administration’s Power Sector Recovery Plan (PSRP), announced in late February. Taking the lead is the Advisory Power Team, lodged in the office of Vice-President Oluyemi Oluleke Osinbajo, the key player driving policy during President Muhammadu Buhari’s period of protracted illness. The FGN’s key negotiators are finance minister Kemi Adeosun and power, works and housing minister Babatunde Fashola.
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