• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Monday, May 12, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

West African Power Pool creates liquidity enhancement fund

Power

The Matters Press by The Matters Press
August 10, 2022
Reading Time: 2 mins read
0
Power line to energise part of Oyo

The West African Power Pool (WAPP) says it has concluded plans to create a Liquidity Enhancement Revolving Fund (LERF) for the ECOWAS Regional Electricity Market.

RELATED POSTS

Rescued victims of human from Cote D Ivoire arrive Nigeria

Northern governors, traditional rulers call for accelerated action against Insecurity

As enrollment of nurses peaks at 115,000, Nigeria ready to outsource medical personnel to the world – TMV

The General Manager, Public Affairs, Transmission Company of Nigeria (TCN), Mrs Ndidi Mbah, quoted the Chairman, Executive Board of WAPP, Mr Sule Abdulaziz, as saying this at the 54th meeting of the board held in Cotonou, Benin Republic.

According to her, the meeting is the second in 2022.

Abdulaziz, who is also the Managing Director of TCN, said that the plan to create the LERF was taken after the review and adoption of the documents proposed by the Task Force on the creation of the fund.

According to him, the fund would provide the ECOWAS regional electricity market with very important tool for electricity trading by reducing the level of outstanding bills.

He said that the fund would also provide stakeholders in the trade with a “high degree of robustness and sustainability.”

Abdulaziz, however, urged the participants to examine the documents carefully and make relevant comments on the documents proposed by the WAPP Finance Committee.

He also lauded the well documented 2021 financial statement of the organisation.

“When I looked at the financial statement, I get the feeling that the WAPP is working hard and is transparent as shown by the independent audit.

“ This attest that the financial statements are regular, sincere, and in accordance with international standards,” he said.

In his remarks, Mr Siengui Ki Apollinaire, the Secretary General of WAPP Executive Board, said that the latest financial statements were declared transparent.

“The 2021 budget was executed transparently and rigorously, and it is with pleasure that I announce that the 2021 consolidated financial statements of our organisation have been declared regular, sincere compliant with international standards by a well-known independent auditor,” he said.

He expressed gratitude to Mr Patrice Talon, President of the Republic of Benin, for the hospitality extended to the organisation and for hosting the meeting.

The participants also observed a minute silence for late Mr Joseph Makoju, an honorary member from Nigeria, who passed on in April, for his contributions to the development of WAPP.

Tags: Power
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Rescued victims of human from Cote D Ivoire arrive Nigeria
Foreign

Rescued victims of human from Cote D Ivoire arrive Nigeria

May 11, 2025
Northern governors, traditional rulers call for accelerated action against Insecurity
News

Northern governors, traditional rulers call for accelerated action against Insecurity

May 11, 2025
Smile finally visits nurses, now on enhanced salary entry point
Economy/Technology

As enrollment of nurses peaks at 115,000, Nigeria ready to outsource medical personnel to the world – TMV

May 10, 2025
Nigerians kick against re-opening of schools as COVID-19 bites harder
Economy/Technology

With NELFUND’s Disbursement of N53b, Nigerian students have cause to celebrate – TMV

May 9, 2025
Nissan recalls 1,150,000 vehicles in 3 months
Economy/Technology

Profit surge among Nigeria’s loss-making companies indication of economic recovery – IMPI

May 8, 2025
Economists Challenge IMF on call for further VAT increase in Nigeria
Economy/Technology

Nigeria will do better than IMF’s 3% growth forecast for 2025, Think Tank predicts

May 6, 2025
Next Post
Fraud in banking sector, mostly insider instigated

NDIC boss blames banks failure on managers

Nigeria regains top crude oil production spot in Africa

Theft, vandalism rob Nigeria of benefits of high crude oil prices

Recommended Stories

Nigeria to close energy gap through Rural Electrification Agency

NEMSA warns against importation of substandard electricity materials

April 27, 2023
800 firms compete to manage gas flare sites

Saudi Arabia, Kuwait claim to disputed gas field

August 3, 2023
Global trade’ll grow to $30tn by 2030

NBCC champions UK bound trade mission to attract FDI

April 14, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Rescued victims of human from Cote D Ivoire arrive Nigeria
  • Northern governors, traditional rulers call for accelerated action against Insecurity
  • As enrollment of nurses peaks at 115,000, Nigeria ready to outsource medical personnel to the world – TMV

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us