Fidelity bank banner Atiku Obi Campaign banner Okowa 2019 gubernatorial campaign Camano banner
Islamic Development Bank extends $141m facility to Kaduna for critical infrastructures

By Garba Ahmad, Kaduna on 28/04/2014

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,659


The Kaduna State Government has launched a partnership with the Islamic Development Bank (IDB) which provides a loan of $141.45 million towards the provision of critical infrastructures in Health, Education and Water Supply sectors.

Under the partnership, the IDB is providing a total of $141 million with the breakdown including $81 million for the construction of Transmission Mains and Service Reservoirs at the Zaria Regional Water Supply Project, $43.13 million for the provision of modern equipment at the 300 bed-space Specialist Hospital at the Millennium City which is presently at 67% completion and $17.32 million for the construction of four new science secondary schools to be located in the New Kaduna City, Koreye in Sabon Gari LGA, Rigachikun in Igabi LGA and Manchok in Kaura LGA. 

The actual total amount of $141.45 million is contrary to reports by some media outfits erroneously putting the total IDB loan at $300 million.

Speaking at the Start-Up Project Launching of the IDB funded projects yesterday held at the 300 bed-space Specialist Hospital in Kaduna, Governor Mukhtar Ramalan Yero reiterated his administration’s commitment to completing all projects it inherited from his predecessors.

“We have promised the people that we are going to complete all ongoing projects in the state and I want to assure the people that we have not abandoned any project and we remain committed to completing them based on availability of funds,” he said.

“Out of the three projects, two are to refinance payment to the IDB which are, the 300 bed-space hospital and the 150 MLD Zaria Regional Water Project. The only burden are the science schools and I believe if we spend all the money we have as a State on education, it won’t even be sufficient to get us to where we want to be,” the governor added.

Yero cautioned Kaduna citizens not to allow people from outside the state to create confusion, saying: “We will not allow Kaduna State to be thrown into anarchy; every citizen must respect the law and we have to be steadfast in ensuring that we don’t allow outsiders to come and create confusion and then runaway and leave us in trouble.”

He called on people in the state to remain peaceful and tolerant irrespective of their differences as “we must learn to live peacefully with our differences.”

Speaking earlier, Country Manager and Senior Financial Analyst of IDB, Mr. Mahmood Kamara, said the bank provides funds for viable projects initiated by both public and private sectors. “IDB is a true partner committed to supporting development projects in Nigeria, to meet the yearnings and aspirations of the people. The IDB group is focused on social and economic development of member countries,” Kamara said.

Also speaking at the event, Chairman Kaduna State House of Assembly Committee on Health, Mallam Muhammad Ali, praised Governor Yero for remaining unflinching in his resolve to providing people oriented projects.

He declared the total support of the Legislative arm to the laudable projects being accomplished by Yero, saying: “The governor deserves commendation and that is why as lawmakers we shall always support him to lead us to achieve our aspirations.”

•Photo shows Governor Yero.

Source News Express

Posted 28/04/2014 3:09:04 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
IGP risks jail over Oyo monarch

ANAMBRA AND KOGI GOVERNORS step into COMMUNAL WAR,...

Hope rises for Nigeria as oil price hits...

Death on the prowl in Ogoniland

REVEALED: How top officials of the Imo State...

Traders make brisk business at PDP Convention

FIRS targets N4.9trn revenue in 2016

Killings: Buhari visits Plateau

NASS passes NFIU Bill to forestall Nigeria’s expulsion...

Breaking: Suicide bomber kills 12 in mosque near...

Agriculture holds the key to Nigeria’s growth: Okowa...

Buhari, Osinbajo, other heavyweights expected in Ikene as...

 

Latest News Court sacks Jerry Gana, reinstates Donald Duke as SDP Presidential Candidate 2019: INEC may disqualify 1 presidential candidate, 3 vice presidential candidates, 40 others Supreme Court refuses to hear 14 election cases 2019 elections will define Nigeria’s future –US ambassador Protesting youths block Enugu-Onitsha expressway 2019: Rousing welcome awaits Buhari in Ebonyi, says Governor Umahi Lawmaker sued over failure to repay $10,000 borrowed to fund campaign 2019 budget: Reps uncover errors, discrepancies in MDAs allocations Delta 2019: Don’t vote those who have already lost election — Hon. Iduh •Tilije, Obielum, Okonta, others storm Aniocha North FG’s Tradermoni scheme is a form of vote-buying: Election Observer FG unfolds plan to hike VAT, tax luxury items 5,000 containers trapped at ports as Customs bans third-party clearance

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (442,458 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (400,975 views) Shameless Genevieve Nnaji exposes breasts in public (334,785 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (287,801 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (252,971 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (231,840 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (216,086 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (197,369 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (184,632 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (172,892 views) Lagos plane crash: Journalist releases victims’ names (170,400 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (156,300 views)

 

JAMB 2019 Reg

CBN banner

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,978) Business Verdict (55) Columnists (987) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (581) Features (704) Global Business Monitor (314) International (3,016) Interview (170) Live Commentary (28) Love Matters (151) Maggie's Blog (122) News (42,646) Opinion (1,180) Pidgin (16) Politics (8,890) Religion (942) Sports (1,870) Stock Watch (36) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera