The Federal Executive Council has approved a $125 million Islamic Development Bank (IsDB) loan for Abia State’s Integrated Infrastructure Development Project, a key part of a $263.8 million co-financing plan including funds from AfDB and Canada–Africa Development Bank. The project will upgrade over 160km of roads in Aba and Umuahia, tackle erosion issues, and create 3,000+ local jobs.
Chief Press Secretary Ukoha Njoku says this milestone accelerates Governor Alex Otti’s vision to modernise transport, enhance urban centres, and boost economic growth. The loan signing is vital to proceed with the project, which follows strict IsDB procurement rules and directly supports sustainable development and private sector investment in Abia.
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