Sunday, December 8, 2019

Nigerian govt approves $1bn loan from China Exim Bank

Must Read

Senate confirms 15 NDDC board nominees, rejects Nunieh

  …confirms appointments of Tosho as Chief Judge, Kanyip as NIC President  …Holds a minute silence in honour of Jummai Tafawa...

JUST IN: Buhari drops Baru appoints Mele Kyari new GMD NNPC

President Muhammadu Buhari has appointed a new Group Managing Director (GMD) to Nigerian National Petroleum Corporation (NNPC), Mele Kolo...

Buhari, APC will decide new national assembly leaders, says Jibrin

Former chairman, House Committee on Appropriation, Abdulmumuni Jibrin Kofa on Thursday in Kano said the leadership of the All...

The Federal Executive Council (FEC) has approved the financing of the Gurara Hydro Power Project II by the Forum on China-Africa Cooperation (FOCAC) to the tune of one billion dollars.

The Minister of Water Resources, Alhaji Suleiman Adamu disclosed this when he briefed State House correspondents at the end of the council’s meeting, which was presided over by President Muhammadu Buhari.
According to him, the Gurara II power project has the potential of 360 Megawatts of electricity.
Read also: Again, Nigerian becomes Mayor in U.K
“On the need to explore the potentials of the Gurara II Hydro Power Project, which has the potential of 360 Megawatts of electricity, Council approved for us to take this project to FOCAC for possible financing by the China Exim bank at the cost of about a billion dollars.
He said the Council also approved a revised cost of the project to N5.7 billion for the completion of Nkari Dam in Akwa Ibom State.
He said: “On the need to complete Nkari dam in Akwa Ibom State, we sought approval for a revised estimated total cost of the project and this was approved at about N5.7 billion.’’
He further disclosed that the Council approved the appointment of a consultant for the supervision of Gari Irrigation Project in Kano and Jigawa States, which hitherto abandoned for 17 years.
He also said Cabinet gave approval for the Rise Estimated Total Cost for completion of Ile-Ife dam in Osun State at the cost of N10.4 billion.

Leave a Reply

Latest Post

Updated: Joshua reclaims boxing championships (Round-by-Round analysis)

Andy Ruiz v Anthony Joshua Anthony Joshua has reclaimed his heavyweight boxing belts from Andy Ruiz Jr. after their much-anticipated...

Tribute, tears as Salome Abuh Kogi PDP woman leader buried

The remains of Mrs. Salome Abuh, the Peoples Democratic Party’s (PDP) woman leader, who was burnt along with her home at Ochadamu, Kogi State,...

Hameed Ali seeks separate budget for Nigeria Customs Command

Col. Hameed Ali (rtd) the Comptroller-General of Nigeria Customs Service (NCS) has appealed for a separate budget for Nigeria Customs Command and Staff College,...

Amaechi to Wike: ‘Use my Pension money to settle unpaid pensioners’

Former Governor of Rivers State and Minister of Transportation, Rotimi Amaechi, has asked Governor Nyesom Wike to sum up his accumulated pension arrears and...

Adesina wins African of the Year award

African Development Bank President Dr Akinwumi Adesina received the African of the Year Award from the All Africa Business Leaders Awards (AABLA™), Thursday night,...

More Articles Like This