AfDB earmarks N50.4bn for devt projects in Abuja

AfDB office in Abidjan, Cote d'Ivoire.

AfDB office in Abidjan, Cote d’Ivoire.

15 January 2015, Abuja — The African Development Bank, AfDB, said yesterday that it would undertake a N50.4 billion integrated infrastructure development projects in the Federal Capital Territory, FCT, this year.

The bank’s Country Director, Dr Ousmane Dore, said this during an interview with the News Agency of Nigeria, NAN, in Abuja.

Dore said the projects included the provision of roads, water, urban development and waste management.

He said the bank would continue to contribute its quota toward reducing the mobility difficulties and infrastructure constraints faced by satellite communities in the FCT.

Dore said the bank had begun the project identification, adding that the bank would continue to support Nigeria in its development aspiration as contained in the Vision 20:2020 and the transformation agenda.

Dore said the bank would also undertake some road projects in selected states under its “Rural Access Mobility, RAM,” programme in 2015.

According to him, AfDB is also interested in taking part in the second Niger Bridge Project which is a Private Public Partnership (PPP) venture.

Dore said the bank was discussing with the Ministry of Power to extend its support in the energy sector to transmission sub-sector in 2015.

He also said that AfDB would launch the second phase of its Agricultural Transformation Support Programme, which it got N25.2 billion for its first phase in 2014.

“In the energy sector, our plan is to continue with the support we began last year with the partial risk guarantee but this time we want to extend our support to the transmission line.

“In agricultural sector, we have an ongoing huge programme called the ‘Agricultural Transformation Support Programme’ which we approved to the tune of 150 million dollars for its first phase last year.

“We are going to identify the second phase of the programme to continue with the support into this critical sector to contribute to job creation.”

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