A HIGH SCHOOL BASEBALL PLAYER AND HIS PARENTS LOSE THEIR LIVES IN A CAR CRASH ON HIS WAY TO HIS GAME, LEAVING BEHIND A LONE GRIEVING DAUGHTER.(PHOTO).

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 Milam county, Texas- A high school baseball player and his parents lose their lives in an awful car crash on the way to his game, leaving behind a lone grieving daughter. 43-year-old Clint, and 39-year-old Meghan McCaffety were traveling in a Ford Sedan with their 16-year-old son Connor at 4:40 p.m. on Monday, March 31st.  The family were on their way to one of Connor's baseball games. The trio were traveling on Highway 36 . The family stopped their vehicle at a construction zone  in the west bound lane when a Kia SUV pulled up and stopped behind them. As the two vehicles waited for the light to change, an 18 wheeler came barreling in behind the vehicles and slammed into both cars.  The collision caused the Kia to roll into the ditch and the 45-year-old woman who was operating the Kia was rushed to the hospital.  The extent of her injuries are unknown at this time.  Clint, Meghan and Conner were all pronounced deceased on scene. The family had just left a ...
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FG SECURES $500M WORLD BANK LOAN TO FUND DISCOS. (PHOTO).

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 FG secures $500m World Bank loan to fund Discos

 

The federal government has secured a $500  million loan from the World Bank to fund electricity Distribution Companies (DisCos).


According to the Bureau of Public Enterprises,  in a statement in Abuja, yesterday, the loan would fill financing gaps in the distribution segment, considered as the  most problematic in the industry.


“This funding supports the Nigerian Distribution Sector  Recovery Program (DISREP) aimed at improving the financial and technical performance of the DisCos.


“The DISREP is designed to enhance the financial and technical operations of the DisCos through capital investment and  the financing of key components of their Performance Improvement Plans (PIPs), which have been approved by the Nigerian Electricity Regulatory Commission (NERC),” the Bureau said in the statement signed by Amina Othman, Head, Public Communications.  


It added that the $500 million DISREP loan  offered  concessional financing with more favorable terms than commercial bank loans.  


It is expected that DisCos would invest the funds “in critical distribution infrastructure; Improve ATC&C losses; increase power supply reliability; achieve financial sustainability in the power sector; and enhance transparency and accountability. Significant progress has been made in the preparation of the DISREP Programme”, BPE explained.


According to the privatisation agency, key areas of improvement include: bulk procurement of customer/retail meters and meter data management systems; implementation of a Data Aggregation Platform (DAP); strengthening governance and transparency within the DisCos; and programme components.


The DISREP loan, particularly the Investment Project Financing (IPF) component is expected to significantly benefit the Nigerian Electricity Supply Industry (NESI)  by closing the metering gap, reduce Aggregate Technical, Collection, and Commercial (ATC&C)  losses; improve remittances and liquidity for the DisCos; enhance the reliability of power supply; as well as increase transparency and accountability within the DisCos.

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