State Secures $114m Loan From ECOWAS Bank
365NEWS gathered the Niger state government has signed a Memorandum Of Understanding with the ECOWAS Bank for Investment and Development to finance 4 major projects in the sum of $114 million in various socio-economic sectors.
Ibrahim Bologi, the chief press secretary to the state governor, Mohammed Umaru Bago, stated this in a statement in Minna weekend.
He stated that the MoU was reached at the Ecowas Investment Forum (EIF) which took place in Lome, Togo, adding that, “the projects to be financed include construction of the Madalla-Suleja -Maje dual carriage road at $30m, Construction of Madalla Green Economic Market at $11m.”
Other projects, according to him, are construction/conversion of the former Secretariat into School of Medical and Health Sciences at S40 m and construction of 8 International Trailer parks in Mokwa, Tafa, Lambata, Bida, Makera, Dikko, Tagina and Kontagora at sum of $43m respectively.
The Niger state government was represented by the Commissioner of Finance, Lawal Adamu Maikano, and Sammy Adigun, chairman of Niger Foods while ECOWAS Bank of Development and Investment was represented by Dr. Olagunju M. Olalekan Ashimolowo, Vice-President of Operations, Dr. George Agyekum Donkor, DBA, President and Chairman of the Board of Directors among others.
The statement said, “this is a deliberate plan to streamline the ongoing transformation of Niger state by opening up new opportunities for investment promotion in the region, accelerate the infrastructure advancement which will create much job opportunities, improve the health sector and bring the “New Niger” agenda of Governor Mohammed Umaru Bago to fruition.”
