KATY PERRY AND JUSTIN TRUDEAU SPOTTED SHARING BEACH GETAWAY IN THE SOUTH OF FRANCE. (PHOTO).

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 Katy Perry and Justin Trudeau spotted sharing beach getaway in the South of France Katy Perry and Justin Trudeau were photographed spending time together during a beach outing on the French Riviera. The pair visited Club 55 on Pampelonne Beach on July 29, where they were seen swimming in the Mediterranean, relaxing on the beach and sharing drinks during the day. Photos also showed the couple embracing on sun loungers and sharing a kiss while in the water. Perry wore a brown two-piece outfit with a straw tote bag before changing for a swim, while Trudeau was dressed in green swim trunks and sunglasses. The outing is the latest public appearance for the couple, who were first linked in July 2025 after being seen dining together in Montreal. They confirmed their relationship later that year after attending a cabaret show in Paris together. Since then, Perry and Trudeau have been seen together at events including Coachella, the World Economic Forum in Davos and the Tribeca Film Festiv...
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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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