News Column

Niger : NIGER receives $55 mln from WORLD BANK

June 2, 2014

The World Bank declared that it has given $55.20 million to Niger.

According to bank, the Kandadji Project will allow Niger to fight recurring drought and chronic food and power shortages. The project will deliver water and irrigation for agriculture, renewable energy, and jobs to assist the rural people living in the Niger Basin.

Paul Noumba Um, the World Bank Country Director for Niger stated that the Kandadji Project will provide clean, low-cost hydropower and optimize development impact for Niger and the entire Niger River Basin. The project has the power to shift the Niger River Basin in West Africa by expanding agricultural development for food security, improving rural incomes and expanding energy supply throughout the region.

Jamal Saghir, World Bank Director of the Sustainable Development Department for the Africa Region, commented that the ambition of the project is to secure a new source of renewable electricity will bolster access to social services, improve health and education. And help establish new economic opportunities needed to end poverty and boost shared prosperity in Niger and beyond, Mr. Saghir added.

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Source: TendersInfo (India)