Former Governor of Abia State, Okezie Ikpeazu, has said African Development Bank, AfDB, has given final approval for a $115 million loan for road
The former governor, who spoke through Onyebuchi Ememanka, his Chief Press Secretary, on Saturday, said the loans were initiated and achieved by his government for use by the successive administration.
He expressed gratitude to God that the loan has, according to him, scaled the final approval hurdle, adding that the total funding cost of the projects is $263.80 million, while the Abia State Government would provide $23.80 million counterpart funds to be used in compensating people affected by the project and for implementation of settlement action plans.
“Ironically, some of these people are the ones in government today and who will superintendent over the management of the projects they desperately sought to frustrate.”
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