Agba stated this at the appraisal meeting of the proposed Nigeria Cares programme organised by the Community and Social Development Project, an initiative of the Federal Government, on Tuesday in Abuja.
Browsing: World Bank loan
Chief Eziuche Ubani, the Commissioner for Works in Abia State, has said the $200 million World Bank facility, being expected by the state government, will be judiciously utilised to construct 506km of roads and drainage system in different parts of the state.
The State Commissioner for Finance, Suleiman Kwari, disclosed this to newsmen Friday in Kaduna, while reacting to the Senate’s rejection on its loan request.
The Chairman of the committee, Senator Kabiru Gaya (APC Kano South), while presenting the report, said the state had met the requirements for the loan
Fashola, who gave the explanation in Lagos while launching a book entitled: “Eko Project: A Legacy of Excellence,” said that there was nothing to hide as the funds had been deployed judiciously
This landmark Africa Centres of Excellence project, which will equip young Africans with new scientific and technical skills, will be financed through IDA credits to the governments of Nigeria ($70 million), Ghana ($24 million), Senegal ($16 million), Benin, Burkina Faso, Cameroon, and Togo ($8 million each)
The approval was granted to facilitate bridging the nation’s housing sector, the Minister of State for Finance, Yerima Lawan Ngama, told State House correspondents during post-Cabinet meeting
In a letter to the Senate, dated October 22, 2013, and titled: “Request for inclusion of Lagos State Development Policy Operation II (DPO) Into the 2012-2014 Medium Term Borrowing Plan of the Federal Government”, the President explained that the loan will be the second tranche of $200 million to be collected by the Lagos State Government out of the total credit amount of $600 million granted it by World Bank in 2010