Niger gov’t secures 150m US dollars from IsDB for solar projects

Date:

From Yakubu Mustapha, Minna

The Niger State Government has attracted 150 million United States Dollars (USD) from the Islamic Development Bank (IsDB) for solar project in the state.

The Chairman, New Niger Development Project (NNDP), Alhaji Mustapha Abubakar Bida, disclosed this at the 2nd edition of the quarterly media briefing organised by the ministry of information and orientation.

He said the project will cost 160 million USD and that the state government will provide 10 million USD as a counterpart fund.

Alhaji Bida also revealed that the loan was secured following the state government’s effective management of the Minna-Bida road project.

READ MORE  Senate tasks FG on Eastern Corridor rehabilitation/concession agreement

He said the project, which will be situated in Maikunkele, will have value addition to the people and that there will be social intervention components that will impact the people positively.

According to him, “This project will create direct and indirect jobs and will bring many other benefits.”

He explained that the NNDP was established under executive order 30, 2023, majorly to support project implementation by various MDAs saddled with project execution and also to fill any existing gap that would hamper the success of projects.

He added that the NNDP also ensures the issue of compensation is effectively and efficiently handled through the collaboration of relevant stakeholders for a seamless project execution.

READ MORE  Violence is APC’s ideology - PDP
 


Bida further revealed that the staff of NNDP were carefully selected across various MDAs to provide effective service that would ensure value for money in project execution.

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

FRSC holds capacity training for marshals on safer roads, better service 

FRSC holds capacity training for marshals on safer roads,...

Women’s Rights Group Raises Concerns Over Alleged Plan to Remove Bayelsa LG Chairperson

The Centre for Women's Rights and Development Initiative (CWRDI)...

Mother demands justice after NDLEA official allegedly defiled minor in Bauchi

From Ahmad Muhammad, Bauchi   The mother of an eight-year-old girl...

DSS DG fails to appear in court to testify in Sowore’s case

By Vivian Okejeme The Director General of the Department of...