Connect with us

News

ABIA STATE: AfDB Approves $115m Loan To Support Road Rehabilitation In Aba, Umuahia

The project would see the rehabilitation of roads, erosion control infrastructure and preparation of solid waste management facilities in the state capital, Umuahia, and the commercial hub, Aba.

Published

on

AFBD
African Development Bank Group (AfDB)

The Board of Directors of the African Development Bank Group (AfDB) has approved a loan of $115 million to support a major road rehabilitation project in Abia State.

VerseNews Nigeria reports that this was disclosed in a statement issued by the Nigeria Country Department of the bank on Saturday in Abuja.

The project would see the rehabilitation of roads, erosion control infrastructure and preparation of solid waste management facilities in the state capital, Umuahia, and the commercial hub, Aba.

The bank in a statement said financing for the project, estimated at a total cost of $263.80 million, would come through an African Development Bank loan of $100 million; a Canada–African Development Bank Climate Fund (CACF) loan of $15 million; and a $125 million co-financing loan from the Islamic Development Bank.

Advertisement

It noted that the Abia State government would provide $23.80 million in counterpart funding for compensation to people affected by the project and implementation of a Resettlement Action Plan.

It stated that under the project, which was expected to be completed in 2029, a total of 248.46 km of road – 58.03 km of roads in Umuahia and 190.43 km of roads in Aba – would be rehabilitated to asphaltic concrete standards at varying cross sections.

It averred that erosion sites in Umuahia and Aba would be reinstated as well as preparatory studies undertaken for private sector participation in solid waste management for the two cities.

It revealed that the project would also include capacity building, project management and development of social infrastructure such as the rehabilitation of schools and the provision of sanitation facilities in schools, community markets and hospitals.

Advertisement

According to the statement, “With an estimated population of 553,000 and 814,000 respectively (2022 estimates), Umuahia, capital of Abia State, and Aba, the commercial hub, are currently facing serious infrastructure challenges arising from decades of underinvestment amidst rapid urbanisation. 

DON’T MISS: ‘Nigerians To Renew Their Birth Certificate Yearly’ – Tax Expert Faults FG’S Car Ownership Fee

“The situation is aggravated by gully erosion and the emergence of huge piles of solid waste on the roads.”

“When completed, the 1.37 million population in these two cities will benefit from reduced travel time, reduced vehicle operating costs and lower transport cost.

“The project will also create 3,000 temporary jobs (30 percent for women) at the construction phase, and about 1,000 permanent jobs during the operational phase. The permanent jobs will particularly benefit the youth, who will make up 50 per cent of the project.

Advertisement

“They will be trained in contract management by the State Youth Road Maintenance Corps for road maintenance, a body of young Abia engineers drawn from the 17 Local Government Areas of the State.”

The Director General of the African Development Bank’s Nigeria Country Department, Lamin Barrow, said the project would build resilience by providing the towns access to urban infrastructure services, including economic and social amenities.

Barrow said: “The results from implementation of the project will help expand access to economic and social amenities in the two cities, and thereby contribute to building sustainable and liveable cities.”

The statement further explained that African Development Bank’s portfolio in Nigeria comprises 48 operations worth $4.2 billion.

Advertisement

The national (Federal and States) operations account for 90 per cent of the portfolio, for 41 projects amounting to $3.79 billion, while multinational operations constitute 10 percent, for 7 projects amounting to $0.41 billion.

The statement added that there are 24 Sovereign Operations ($2.36 billion or 56 percent of total commitments) and 24 Non-Sovereign Operations ($1.84 billion or 44 percent).

Why We Don’t Have Tinubu’s Photos In Our Offices – Alex Otti

Abia State Governor, Alex Otti has rejected the claim that the absence of President Bola Ahmed Tinubu’s portraits in offices was a result of his administration’s failure to recognize him as the country’s leader.

Advertisement

VerseNews Nigeria reports that there were allegations that President Tinubu’s portraits are not present in all the State Government offices.

Responding to the allegation, Otti through his special adviser on media and publicity, Ferdinand Ekeoma, said the state government had portraits of the president in some offices but not all, and that the same was true of the governor.

He added that since this is a new administration, few offices feature the governor’s portrait. We’ve ordered additional images and placed orders for some. Politics have no bearing on it.

“On the day the governor met with permanent secretaries, the banquet hall still displayed the former governor Ikpeazu’s photo.

Advertisement

It is unlawful to state that the president who was lawfully sworn in will not be recognized. We don’t believe it is going in that route, and it doesn’t make sense,” Ekeoma said.

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

dead man dead man
News4 hours ago

Young Man Beaten to Death in Lagos After for Sleeping With Boss’ Wife

A young Plateau man identified as Nengak has reportedly died after a mob confrontation in Lagos, following accusations that he...

christmas beth christmas beth
News18 hours ago

Christmas Spirit Returns to Bethlehem as Tree Lighting Marks End of Two-Year Hiatus

Bethlehem celebrated its first public Christmas tree lighting in over two years, bringing hope and festive cheer back to the...

CourtBVASVerseNewsNG1 CourtBVASVerseNewsNG1
News18 hours ago

Doctor Faces Court Over Sexual Assault of 38 Patients

A Birmingham doctor has been charged with dozens of sexual offences against 38 patients, including minors, during his time at...

Akpabio and Natasha Akpabio and Natasha
Politics18 hours ago

Akpabio Breaks Silence on Fresh Court Charges Against Senator Natasha

Senate President Godswill Akpabio says no new lawsuit has been filed against Senator Natasha Akpoti-Uduaghan, insisting the ₦200 billion defamation...

arsenal aston arsenal aston
Sports19 hours ago

Buendia Stuns Arsenal at the Death as Aston Villa End 18-Match Unbeaten Run

Emiliano Buendia struck deep into stoppage time to hand Aston Villa a dramatic 2-1 win over league leaders Arsenal, ending...

2Face 2Face
Entertainment19 hours ago

‘My Family Is Destroying My Marriage’: 2Baba Breaks Silence

Music icon 2Baba says the petition filed by his family against his wife, Natasha Osawaru, has caused serious damage, revealing...

Nnamdi Kanu 1 1 Nnamdi Kanu 1 1
News19 hours ago

Tension Mounts in Sokoto as Nnamdi Kanu’s Presence Alters Daily Life, Visitors Restricted

Sokoto residents are living with growing anxiety as heavy security, constant visits and restricted movement surround the Sokoto Central Correctional...

Minister of Defence Mohammad Badaru Minister of Defence Mohammad Badaru
Politics1 day ago

BREAKING: Not Health, Real Reason Badaru Resigns as Defence Minister

Badaru Abubakar’s resignation as Minister of Defence was officially blamed on health challenges.

celebrities celebrities
Entertainment1 day ago

Nigerian Female Celebrities Who Battled Body Shaming, Bullying

From gym photos to leaked videos and colourist attacks, famous women and celebrities across Nigeria are pushing back against body...

Dangote Reveals Nigeria's Major Crisis In 2023 Dangote Reveals Nigeria's Major Crisis In 2023
Business1 day ago

Dangote Makes Christmas Promise to Nigerians as Fuel Queues End

Aliko Dangote has assured Nigerians that nationwide fuel queues are now a thing of the past, promising stable petrol supply...

Advertisement