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Senate okays government's $1.8bn for railway projects
It also approved the $750m medium term external loan requests for six states, out of the Federal Government 's request of $1.49bn for 10 states.
The breakdown of the utilisation of the $575m World Bank loan includes $125m for polio eradication support and routine immunisation project, $75m for community and social development project, and $125m for Nigeria States Health Programme Investment project.
Others are $100m for State Education Programme Investment project, $100m for Nigeria Youth Employment and Social Support Project and $50m for Fadama III project.
Further breakdown of the approved loans are $70m from African Development Bank (ADB) for Ebonyi Ring Road Project (to be co-financed by Islamic Development Bank), $200m ADB facility for Rural Access and Mobility Project (RAMP) in Abia State, and $200m IDB loan for Kano State Integrated Agricultural and Water Resources Development.
Source: allAfrica
AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 2000 news and information items daily from over 130 African news organisations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Lagos, Monrovia, Nairobi and Washington DC.
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