News Column

Niger Secures N58 Billion Islamic Dev Bank Loan

August 29, 2014

Aliyu M. Hamagam



Niger State Commissioner for Works, Mu'azu Bawa, yesterday said the state government has secured a N58 billion loan from the Islamic Development Bank for the dualisation of the Minna- Bida road as well the establishment of a bilingual education centre in the state.

The commissioner told newsmen after the state executive council meeting in Minna that N39 billion would be used for dualisation of the road while the balance would go for the establishment of the centre.

According to him, the repayment period for the interest-free loan is 25 years and officials of the bank will be in Minna next month to fine-tune arrangements for the drawdown of the first tranche, the contract for the road project and construction of feeder roads.

In a related development, the Commis-sioner for Livestock and Fisheries, Dr Isa Yahaya Vatsa, said government has approved the construction of a modern abattoir in Minna at the cost of N358.2 million, saying construction work on the eight hectare land facility would be funded by the Sure-P, the Chanchaga LGA and the state government.


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Source: AllAfrica


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