Federal Government says country awaiting consensus to sign 3.387 billion dollars’ loan Agreement to complete ten projects.

Written by on February 23, 2022

The Federal Government says the country is awaiting consensus for it to sign a 3.387 billion dollars’ loan Agreement to complete ten projects across the country.

Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, disclosed this at a Town Hall Meeting on the achievements of the Federal Government in Infrastructure Development, organised by the Ministry of Information and Culture.

According to her, the present administration has successfully implemented a range of infrastructure programmes that have had a positive impact on the lives of Nigerians.

Dr Ahmed listed projects awaiting consensus before signing of the loan agreement to include, Kano Urban Light Rail Project- (Phase I): 673.2 million dollars, Construction of Lafia By-Pass Road and The Dualisation of 9th Mile (Enugu)-Otukpo-Makurdi Road Project: 845.75 million dollars, E-Border Solution: 175.5 million dollars.

Others to be funded by the World Bank include Nigeria Electrification Project (Off-Grid): 350 million dollars, North Core Interconnection Power Transmission Line (Regional Project under West African Power Pool): 32.3 million dollars, Nigeria Electricity Transmission and Access Project: 486 million dollars.

Kevin Madu


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