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Nigeria $70 million road funding project approved

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Christian Fernsby ▼ | May 1, 2019
Nigeria road
Africa   Nigeria road

Funding has been approved for an important road project in Nigeria’s Ebonyi State.

A $70 million loan is being provided by the African Development Bank Group (AfDB) in partnership with the Africa Growing Together Fund (AGTF).

Meanwhile the Islamic Development Bank (IDB) will provide $80 million, while the Ebonyi State Government is providing $17.6 million.

In all, the project will cost $167.6 million to carry out and involves constructing a 178km highway, which is due for completion in five years.


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