$4.9bn Loan: Presidency Lists Projects, Beneficiaries

$4.9bn Loan: Presidency Lists Projects, Beneficiaries

9/19/2021 3:25:00 AM

$4.9bn Loan: Presidency Lists Projects, Beneficiaries

The Presidency has disclosed that a total of 15 projects spread across the six geo-political zones of the country are to be financed with more than $4

Other projects to be financed by the World Bank are, the state fiscal, transparency, accountability and sustainability programme for results as well as the agro-processing, productivity, enhancement and livelihood improvement support project.The benefiting states for the agro-processing projects are, Kogi, Kaduna, Kano, Cross River, Enugu and Lagos with the Federal Ministry of Agriculture and Rural Development as the implementing ministry.

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The objective of the project is to enhance agricultural productivity of small and medium scale farmers and improve value addition along priority value chains in the participating states.Similarly, the World Bank is also financing the Nigeria Sustainable Water Supply, Sanitation and Hygiene (WASH) project in Delta, Ekiti, Gombe, Kaduna, Katsina, Imo and Plateau states for the next five years.

The project, when completed, is expected to improve rural water supply, sanitation and hygiene nationwide towards achieving Sustainable Development Goals (SDGs) for water supply and sanitation by 2030.Under the external borrowing plan, the World Bank supported projects also include Nigeria’s COVID-19 Preparedness and Response Project (COPREP), under the supervision of the Federal Ministry of Health and Nigeria Centre for Disease Control (NCDC). headtopics.com

The project, which has an implementation period of 5 years, will respond to threats posed by COVID-19 through the procurement of vaccines.Furthermore, no fewer than 29 states are listed as beneficiaries of the Agro-Climatic Resilience in Arid Zone Landscape project, which is expected to reduce natural resource management conflicts in dry and semi-arid ecosystems in Nigeria.

The benefiting states for the project to be co-financed by World Bank and European Investment Bank (EIB) are: Akwa Ibom, Borno, Oyo, Sokoto, Kano, Katsina, Edo, Plateau, Abia, Nasarawa, Delta, Niger, Gombe, Imo, Enugu, Kogi, Anambra, Niger, Ebonyi, Cross River, Ondo, Kaduna, Kebbi, Jigawa, Bauchi, Ekiti, Ogun, Benue, Yobe and Kwara.

The World Bank is also funding the Livestock Productivity and Resilience project in no fewer than 19 States and the Federal Capital Territory (FCT).The China EXIM Bank is expected to finance the construction of the branch line of Apapa-TinCan Island Port, under the Lagos-Ibadan Railway modernisation project.

The French Development Agency will finance two projects, which include the National Digital Identity Management project and the Kaduna Bus Rapid Transport Project.The digital identity project will be co- financed with World Bank and EIB.The Value Chain Development Programme to be financed by IFAD and implemented in Anambra, Benue, Ebonyi, Niger, Ogun, Taraba, Nasarawa, Enugu and Kogi States will empower 100,000 farmers, including over 6,000 and 3,000 processors and traders respectively. headtopics.com

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 The loan facility to be provided by European ECA/KfW/IPEX/APC will be spent on the construction of the Standard Gauge Rail (SGR) linking Nigeria with Niger Republic from Kano-Katsina-Daura-Jibiya-Maradi with branch to Dutse.The specific project title, Kano-Maradi SGR with a branch to Dutse, has an implementation period of 30 months and will be implemented by the Federal Ministry of Transport.

The Chinese African Development Fund through the Bank of China is expected to provide a loan facility of $325 million for the establishment of three power and renewable energy projects including solar cells production facility Phase 1 & II , electric power transformer production, Plants 1, II, III and high voltage testing laboratory.

The National Agency for Science and Engineering Infrastructure (NASENI) will implement the project aimed at increasing local capacity and capability in the development of power and renewable energy technologies and infrastructure.Credit Suisse will finance major industrialisation projects as well as micro, small and medium enterprises schemes to be executed by the Bank of Industry while SINOSURE and Standard Chartered Bank will provide funds for the provision of 17MW Hybrid Solar Power infrastructure for the National Assembly (NASS) complex.

Read more: LEADERSHIP Newspaper »

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Nigeria is in such a bad conditn. Pple are suffering. The prices of goods and services are triple. This political dispensat is the worst time of Nigerian political era. Politicians are busy migrating to the same govt. There's a problem. Something is wrong. Nig is a sinked ship.

$4.9bn Loan: Presidency Lists Projects, BeneficiariesThe presidency has disclosed that a total of 15 projects, spread across the six geo-political zones of the country, are to be financed with more than $4 The presidency has disclosed that a total of 15 projects, spread across the six geo-political zones of the country, are to be financed with more than $4 billion from Person wey go corner $100m dey this picture.

$4.9bn fresh loans: Buhari, Osinbajo zones get highest project allocations - Punch NewspapersThe most widely read newspaper in Nigeria Beautiful another cash out That's how they roll. Yorulani union of shameless almajiris. They keep borrowing without a repayment plan&when you as them to goforoduduwa or EndNigeriaNow, they develop high BP. Folks lyk DejiAdesogan, Eniel192,trolls_queen, ogundamisi etc are paid to defend idiocy. Yahoo yahoo government.. there generation will suffer it.

FG to spend $4.9bn fresh loans on Kano-Niger Republic rail line, othersA standard gauge rail being planned from Kano State in Nigeria to Maradi in Niger Republic is one of the projects the President, Major General Muhammadu Buhari (retd.), plans to fund with the fresh external loans he is asking the National Assembly to approve for his regime, The PUNCH has learnt. Bury our Commonwealth into fairytale projects. Keep it on. Does it mean that south east dont need railway transportation? As in ...I’m just wondering if this man truly knows what’s going on presently in this country ... you’re still taking loans on useless projects in north ....How I wish God can just help immidiately 😞

$4.9bn Loan: Presidency Lists Projects, BeneficiariesThe presidency has disclosed that a total of 15 projects, spread across the six geo-political zones of the country, are to be financed with more than $4 The presidency has disclosed that a total of 15 projects, spread across the six geo-political zones of the country, are to be financed with more than $4 billion from Person wey go corner $100m dey this picture.

$4.9bn fresh loans: Buhari, Osinbajo zones get highest project allocations - Punch NewspapersThe most widely read newspaper in Nigeria Beautiful another cash out That's how they roll. Yorulani union of shameless almajiris. They keep borrowing without a repayment plan&when you as them to goforoduduwa or EndNigeriaNow, they develop high BP. Folks lyk DejiAdesogan, Eniel192,trolls_queen, ogundamisi etc are paid to defend idiocy. Yahoo yahoo government.. there generation will suffer it.

FG to spend $4.9bn fresh loans on Kano-Niger Republic rail line, othersA standard gauge rail being planned from Kano State in Nigeria to Maradi in Niger Republic is one of the projects the President, Major General Muhammadu Buhari (retd.), plans to fund with the fresh external loans he is asking the National Assembly to approve for his regime, The PUNCH has learnt. Bury our Commonwealth into fairytale projects. Keep it on. Does it mean that south east dont need railway transportation? As in ...I’m just wondering if this man truly knows what’s going on presently in this country ... you’re still taking loans on useless projects in north ....How I wish God can just help immidiately 😞