Tag: African Development Bank

  • AfDB boosts Nigeria’s energy transition programme with $500m

    AfDB boosts Nigeria’s energy transition programme with $500m

    The African Development Bank (AfDB) Group has approved a $500 million loan to the Federal Government to finance the second phase of its economic governance and energy transition support programme (EGET-SP).

    EGET-SP is an initiative aimed at accelerating the transformation of the country’s electricity infrastructure and improving access to cleaner sources of energy.

    On August 24, 2022, the Federal Government launched Nigeria’s energy transition plan as a major pathway in achieving universal energy access by 2030 and a carbon-neutral economy by 2060.

    The government said the plan was designed to tackle energy poverty and the climate change crisis, as well as deliver sustainable development goal seven (SDG7) by 2030 and net zero by 2060.

    AfDB, on August 1, approved a loan of $500 million to Nigeria to finance the first phase of the energy transition programme.

    In a statement yesterday, AfDB said the scheme’s policy-based operation is for fiscal years 2024 and 2025.

     “The second phase of the programme aims to stimulate inclusive growth by accelerating structural reforms in the energy sector, while supporting progressive reforms of fiscal policy to boost non-oil revenues and expand fiscal space,” the bank said.

    According to the lender, the programme will place emphasis on three core areas.

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    “First, the programme will deepen fiscal policy reforms by strengthening public financial management systems and enhancing the transparency and efficiency of public spending,” AfDB said.

    “Second, it will accelerate the reform of the power engineering sector to reduce energy poverty, expand access to energy, improve sector governance, and attract private investment.

    “Third, it will support implementation of the energy transition plan through measures that promote climate change adaptation and mitigation, including the introduction of energy-efficiency standards for electrical appliances.”

    According to the financial institution, Nigeria’s nationally determined contribution (NDC) will also be updated for the 2026 to 2030 period.

    “The programme’s direct beneficiaries are the Federal Ministry of Power, the Federal Ministry of Finance, the Federal Inland Revenue Service, the Office of the Auditor General, the Debt Management Office, the National Climate Change Council of Nigeria (NCCC), the Federal Ministry of the Environment, the Nigerian Electricity Regulatory Commission (NERC), and other bodies responsible for social and economic policies,” the statement reads.

    “Benefits will also accrue to private businesses in the form of improved investment climate and opportunities in the energy sector at the level of individual states of the Federation, and from the creation of an environment more conducive to public-private partnerships.

    “As of 31 October 2025, the active portfolio of the African Development Bank Group in Nigeria comprised 52 projects with a total commitment of $5.1 billion.”

    Commenting on the development, Director-General of the office of the AfDB in Nigeria, Abdul Kamara, said the new phase will reinforce and build on the achievements of the first phase.

  • AFC gets $30m new AfDB equity funds

    AFC gets $30m new AfDB equity funds

    African Development Bank (AfDB) has approved a new $30 million equity investment in Lagos-based Africa Finance Corporation (AFC) in a major boost for sustainable investments across the continent.

    Nigeria is host and major promoter to AFC, a multilateral financial institution established in 2007. Other 42 member states of AFC included Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Chad, Congo Brazzaville, Cote d’Ivoire, Djibouti, DRC, Egypt, Eritrea, Ethiopia, Eswatini and Gabon.

    Other members included Ghana, Guinea Bissau, Guinea-Conakry, Kenya, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Namibia, Niger, Rwanda, Sao Tome & Principe, Senegal, Sierra Leone, Somalia, South Sudan, The Gambia, Togo, Tunisia, Uganda, Zambia, Zimbabwe.

    The new AfDB equity investment is expected to contribute to the creation of over 1,600 full-time equivalent jobs by 2031, while also fostering regional integration, and generating clean, reliable energy

    The board of AfDB said the $30 million equity investment in AFC would help in the rollout of innovative “green shares” aimed at mobilising resources for climate action projects across Africa.

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    The innovative financial instruments are expected to unlock significant funding for high-impact projects, including wind and solar power plants in Djibouti and Egypt and energy storage systems in Cabo Verde. AFC will leverage the green equity and mobilise debt funding from capital markets for on-lending to sub-projects. The board approval took place on 11 December 2024.

    Despite contributing less than three per cent of global carbon emissions, Africa faces severe climate impacts and an annual infrastructure financing gap of $170 billion.

    The African Development Bank’s investment positions AFC to play a key role in establishing an ecosystem of sustainable financing that will bridge these gaps to create economic opportunities and enhance Africa’s climate resilience.

    Solomon Quaynor, African Development Bank Vice President for Private Sector, Infrastructure and Industrialisation said, the collaboration between the African Development Bank and Africa Finance Corporation exemplifies the transformative power of strategic partnerships.

    “The Bank Group’s first-mover investment in AFC’s green shares is expected to attract other regional and global investors, amplifying the impact of this initiative, and sending a strong signal to global investors that Africa is ready to lead the way in green growth,” Quaynor said.

    “We are honoured to welcome the African Development Bank, Africa’s largest development finance institution, as the first investor in our Green Shares program,” said Banji Fehintola, Executive Board Member and Head of Financial Services at AFC.

     “Their $30 million commitment highlights the critical role of sustainable financing in tackling Africa’s climate and infrastructure challenges, while strengthening our shared mission to drive transformative change across the continent. By working with a like-minded partner who shares our vision for a prosperous and sustainable Africa, we are advancing impactful solutions that support the continent’s green transition and long-term development,” Fehintola said.

    Ahmed Attout, AfDB’s Director for Financial Sector Development, said that the partnership with AFC was a major milestone in our efforts to channel domestic, regional, and global capital into projects that build climate resilience and foster sustainable growth.

    The investment is projected to contribute to the creation of over 1,600 full-time equivalent jobs by 2031, while also fostering regional integration, and generating clean, reliable energy to power millions of African households. It is also expected to drive inclusive growth and expand economic opportunities for marginalised populations, including women and rural communities.   

  • ‘How to bridge skills gap for Africa’s economic development’

    ‘How to bridge skills gap for Africa’s economic development’

    Experts in the human capacity development  and training institutions and allied eco – systems  have prescribed steps to be taken by governments in Africa, including Nigeria to tap into the over $80 billion intervention offered by the African Development Bank (AfDB), to address gaps in training skills on the continent.

    Tapping into such opportunity, the experts noted, will  create a window for Nigerian professionals  to leverage available jobs requiring digital literacy and other skills sets in the  burgeoning global digital  market valued at over $130 billion.

    The experts : Chief Executive of  Career Digest  Limited , Mrs Joy Chinwokwu ; Former Vice Chancellor of National Open University, Professor Olugbemiro Jegede; Acting Registrar/ Chief Executive  of National Board for Business and Technical Education (NABTEB),  Dr. Nnasia Ndarake Asanga , spoke in an interview in Lagos at the sidelines of the unveiling of the 21st Century Skills Roadmap.

    On her part , Mrs Chinwokwu said the need to close gaps in skills requirements in job placement in Nigeria has become compelling because of the developments in the evolving job market, which is increasingly, not only  fast paced and technology  driven, but spiking at an unprecedented rate.

    She said the Fourth Industrial Revolution , not only staring Nigeria in the face , but demanding a work force equipped with skills that are adaptable , innovative and forward looking.

    The   certified  business development service provider said , the failure of training institutions to churn out graduates with out dated skills , has become a huge concern that requires urgent intervention.

    The yawning gap, she said propelled her to set up the social business initiative – Career Digest , primarily focused on advocating and implementing stakeholderts’ intervention to the wide scale skills gap between institutions and the work place in Nigeria and across Africa.

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    She said :” This can be done by creating  sustainable partnerships, engaging every organization and the key personnel in vantage positions to facilitate the development and implementation of world class digital skills.

    “We are looking at at working closely with governments at all levels , agencies and parastatals  , policy makers , development institutions to urgently address the challenges and execute a result oriented advocacy agenda that will empower individuals , organizations and African nation’s to thrive competively with other advanced countries in this digital era.”

    Speaking in an interview, Jegede  said preparing the next generation of Africans for the 21st century requires acquisition of emerging skills for both personal and continental development.

    To fit into the requirements of modern jobs, he canvassed the acquisition of soft skills among Africans , saying such intervention will help to catapult them to the challenges thrown up in the work place.

    He said:” Future skills are required to adapt to the challenges in the work place . Developing skills for the future will help us to adapt to the constantly evolving culture of the work place .  To be relevant and indispensable to future employers , what are required are soft skills . Digital technology skills will be one of the most demanding skills in the future. By  the end of 2030 , almost half of the world’s professions must have digital skills to keep their jobs.

    “We need to be proactive in ensuring that our work force is equipped with the skills of the future to avoid skills gaps. To accomplish this, employers first need to understand the skills they will need to remain competitive and innovative.”

    While calling for deepening of stakeholders partnerships, Jegede said to implement the roadmap for the 21st century, a sustainable action plan is needed by governments, industries, organizations and communities.

    He canvassed more investment in training and the development of personnel , integration of 21st century skills into national curriculum , closer collaboration between public and private sector players as well as industries .

    He said:” There is need to foster entrepreneurship and innovation eco- systems through incubators, accelerators and funding opportunities. Leverage technology and digital platforms to increase access to education, skills training and job opportunities.

    “There should be a clear policy framework and regulation that will see governments put in place interventions that support the development of 21st century skills. Robust monitoring and evaluation systems that will bring about data driven decisions. “

    Jegede listed interventions needed to bridge the skills gap in Africa to include the implementation of the African Union (AU), Digital Economy Initiative, which aims to ensure every individual, business , governments on the continent are digitally enabled by 2030  in support of the transformation strategy.

    Jegede said :” Nigerian government through the Digital Economy Policy and Strategy document has set a corresponding target of achieving 95 per cent digital literacy by 2030.

    “The Fourth Industrial Revolution will fundamentally alter the way we live, work and relate with one another. This revolution will require more technical capabilities than career practices formally demanded. Nigeria must improve her digital advantage and build sustainable prosperity in preparation for the challenges of a 21st century dynamic work environment.

    “Building a digitally skilled work force will accelerate digital Nigeria vision. The most innovative countries in the world that control the market share of the $11.5 billion global digital economy are countries with immense public and private sectors that are digitally literate and fund research and development.”

    Also speaking, Asanga there is need to acquire modern skills because of the rapidly changing industries which requires professionals to adapt and remain competitive.

    Asanga said taking such steps have remain compelling for professionals to remain relevant to current market demands.

    The NABTEB boss said:” Bridging the skills gap enhances the employability of individuals.”

    Also speaking, the  Director General , Bureau for Public Sector Reforms , Mr Ibrahim Dasuki Arabi lauded the initiative by Career Digest saying it is the right step requiring collaboration to fix the yawning gap in skills acquisition and digital literacy to take Nigeria to the next level.

    Arabi said :” This intervention of expanded conversations by stakeholders remain critical in addressing the inadequate skills for potential and existing work force needed to run the evolving global market place.

    “Collaboration needs to be strengthened among all players to enable Nigeria produce the next generation of digitally literate professionals across the job market spectrum.”

    Representatives from the Ministry of Power and Small Medium Enterprises Development Agency of Nigeria (SMEDAN) , commended the initiative by Career Digest in addressing a fundamental challenge erecting a road block towards tapping into the burgeoning digitally evolving job market.

  • EU votes 40m euro for Africa’s development

    The African Development Bank (AfDB) has announced a 40 million euro investment from the European Commission for Facility for Energy Inclusion (FEI), a new platform for financing small-scale renewables in Africa.

    A statement said the announcement was made to energy sector stakeholders on the sideline of Africa Energy Forum in Lisbon, Portugal. The bank, the European Commission, in partnership with Lion’s Head Global Partners and Fieldstone and the Lusophone Renewable Energy Association, presented the facility to participants at the Forum.

    FEI is a $500 million financing platform spearheaded by the AfDB to catalyse financial support for innovative energy access solutions. FEI On-grid, a targeted  $400 million fund, supports improved energy access through the development of small-scale renewable energy generation and mini-grids across Africa, while the Off-Grid Energy Access Fund (OGEF), a targeted $100 million fund, supports off grid energy distribution companies and boosts their long-term capacity to access capital markets at scale.

    affordable, clean and sustainable access to underserved communities in the sub-Saharan region.

    “Through FEI, we aim to increase co-financing and private sector investment in innovative on-grid and off-grid clean energy access solutions, and consequently move faster on our “Light Up and Power Africa priority to achieve universal energy access in Africa by 2025,” said Cunha.

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    The event was attended by the renewable energy investor community, including representatives from various Development Finance Institutions (DFIs), international and African commercial banks, project developers and sponsors.

    During the event, the FEI fund managers guided project sponsors and developers in attendance through project selection criteria, and financing terms of the specific FEI windows.

    In December 2018, the Directorate-General for International Cooperation and Development of the European Commission (DG DEVCO) approved a EUR 25 million investment to FEI On-Grid window, EUR 13 million into the FEI OGEF window, and EUR 1.6 million to support the Fund’s Technical Assistance Facility, which aims to build investee capacity in structuring and executing transactions in African capital markets. These investments will provide junior equity to strengthen FEI’s capital structure, and enable FEI to fundraise from a range of commercial and private investors.

    “FEI is a great example of how the EU has been developing innovative financing initiatives together with financial partners such as the African Development Bank, to stimulate and de-risk private sector investments without which we won’t be able to address the growing energy demands and provide access to sustainable energy in sub-Saharan Africa,” said Head of Infrastructure, and African Development Bank Liaison at the EU, Hugo Van Tilborg.

    The European Commission’s contribution further underscores the AfDB’s focus on building strong partnerships with diverse organisations in order to provide a wide range of grant and investment instruments to fast track sustainable energy access across the continent.

    FEI’s off-grid window reached a $58 million first close in August 2018, with contributions from the AfDB, the Nordic Development Fund, the Global Environment Facility, All On and Calvert Impact Capital, Shell Foundation, USAID and the UK’s Department for International Development. FEI On-Grid is currently fundraising towards achieving a first close of about $120 million.

  • World Bank’s $500m facility to support rural electricity

    Nigerian off-grid energy investment company, Allon, has said small businesses can access World Bank’s $500 million facility to develop solutions about inadequate electricity supply to rural communities across the country.

    Addressing Techpoint Inspired 2019 in Lagos at the weekend, Allon’s Chief Executive Officer Dr. Wiebe Boer said the facility is funded by the World Bank and the African Development Bank (AfDB) through the Rural Electricity Agency (REA).

    He said the facility could be accessed by off-grid energy companies to deploy their solutions.

    With limited grid coverage, the Allon chief noted that many Nigerians rely on electricity generators.

    Boer said financing mechanisms were being transformed to help millions of Africans who still lack access to electricity.

    The funding instruments, according to him, are to boost “off-grid” and “mini-grid” connectivity using renewable energy sources.

    His organisation is partnering AfDB, the Nordic Development Fund (NDF), Global Environment Facility (GEF) and Calvert Impact Capital (CIC) towards a $58 million facility for the Off-Grid Energy Access Fund (OGEF).

    OGEF, which is managed by LHGP Asset Management (LHGP), an alternative fund manager with offices in Lagos (Nigeria), London (United Kingdom) and Nairobi (Kenya), is a dedicated debt fund for off-grid energy companies and is part of the AfDB-sponsored Facility for Energy Inclusion (FEI).

    The FEI is a $500 million finance platform designed to provide loan facilities in both local and hard currencies to support innovative energy access companies.

    Despite Nigeria’s significant energy resources, he said millions of million people are still without access to electricity because of inadequate investment in the sector.

    Boer explained that a good number of Nigerian entrepreneurs were steadily rising to the challenge of leveraging the off-grid power revolution to provide electricity for millions of people without any in the country through innovative and adaptive technologies and business models borrowed from elsewhere but still making efforts to make them work in Nigeria.

    He said there is an annual $10 billion market opportunity for mini-grids and solar home systems that will save Nigerians billions annually.

    According to him, developing off-grid alternatives to complement the grid creates a market opportunity for mini-grids and solar home systems.

    Boer said the company would invest in entrepreneurs that could provide electricity to households without having to go through the complexities of building a big generation and transmission infrastructure.

    He urged the private sector to work with his organisation to capture the opportunity while saving Nigerians money and powering economic development to further expand the market.

    The Chief Executive of Techpoint Mr. Adewale Yusuf said the forum was organised to expose  organisations using technologies to create  solutions to the nation’s economic and social problems.

  • AfDB, Fidelity Bank sign $50m Financing Agreement for MSMEs

    The African Development Bank (AfDB) has extended a $50 million facility to Fidelity Bank Plc of Nigeria for the growth of Micro Small and Medium Enterprises (MSMEs).

    The $50 million facility is designed to boost Fidelity bank’s capacity to promote the growth of the micro, small and medium enterprises (MSMEs) segment of the economy.

    At the agreement-signing ceremony on Tuesday in Abuja, it was revealed that the facility is totally dedicated to financing the MSMEs and a minimum of 30% of the entire financial package “will be devoted to wholly women-owned enterprises.”

    AfDB Senior Director/Country Representative, Ebrima Faal, who signed on behalf of the multilateral institution, said the AfDB financial was excited with the Fidelity Bank partnership noting that “the lines of credit tended to be general support for SMEs. This one has strong emphasis on gender. It can be considered as a vanguard credit for us. Our main focus is to reach out to SMEs to give the much needed impact.”

    He urged Fidelity bank “to ensure that the requirement for loan disbursement is okay to enable it reach out to the target audience.”

    Faal added that the US$50 million credit line will contribute to strengthening Fidelity bank’s presence in its key market segments. AfDB believes, the selection of Fidelity bank for the seven-year credit facility, with a two-year moratorium, is based on its strong presence in the MSMEs.

    The Deputy Managing Director of Fidelity Bank, Mohammed Balarabe who signed for his bank, stated this line of credit granted to his bank is “particularly unique because gender has been brought in mainly because 30% of this loan is to be targeted at MSMEs that are driven by women. So, that makes it unique.”

    Speaking to the issue of how Fidelity bank will select the businesses that will benefit from the 30% facility set aside for women, Balarabe said: “they have to be run by women. Most importantly, it is aimed at businesses at that low level so that they can catalyse development in the country.”

    The MSME sector, he said, remains the most active in terms of generating employment and fostering development which is why Fidelity bank has consistent targeted that segment.

    According to him: “That is why the AfDB has found us fitting to be one of the bank’s that will be benefiting for onward lending to MSMEs.

    “When it is absolutely necessary, Fidelity extends a line of credit to such businesses at cheap rates, which are far lower than market rates.”

    The $50 million AfDB facility will enhance Fidelity Bank’s liquidity and help it meet the demand for medium-term funding to players in the MSMEs segment.

    Fidelity bank had in the past received US$18 million and US$75 million lines of credit from the AfDB in 2001 and 2013, respectively.

  • AfDB approves $70m loan for road project in Ebonyi

    The African Development Bank, AfDB says it has approved a $70m loan for a road project in Ebonyi.

    The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

    It also said that the bank group’s funding would cover the rehabilitation and asphalting of a 51 km stretch between Nwezenvi and N’Doko, and part of the corridor between N’Doko and Ezzamgbo spanning 38.91 km.

    The bank noted that the project was expected to be completed in five years.

    AfDB said the project would aid the agricultural state of Ebonyi’s aspiration to develop special agro-industrial zones dedicated to processing of subsistence crops.

    “It will improve road safety and accessibility of farming communities and small-scale industrial areas. Some 1,400 jobs will be created during the construction phase.

    “Once completed, the road network is expected to serve also as an international link between the State of Ebonyi and Nigeria’s eastern neighbour, Cameroun, in addition to connecting Ebonyi to Benue and Enugu,” it said.

    The bank added that the project was in line with its development agenda.

    It said that the project attested to its commitment to improve the quality of life of Africans by improving accessibility and road safety in its member countries.

    “The bank began financing transport projects in Nigeria in 1972 and has since provided the equivalent of $630 million in financing the sector, including a $69.9 million facility through the private sector,” it said.

    NAN

  • Buhari, AfDA President meet at Aso Rock

    Adesina, a former Minister of Agriculture and Rural Development, arrived at the villa at about 2.45 p.m. and went straight to the president’s office for a closed-door meeting.

    The News Agency of Nigeria (NAN) reports that the agenda of the meeting between President Buhari and the AfDA president was unknown while the outcome of the deliberation was being awaited as at the time of filing report.

    The Federal Executive Council (FEC) had on Wednesday approved the request to obtain a loan of 150 million dollars from the African Development Bank (AfDF) to finance the Nigerian Electrification Project.

    The project when fully implemented would benefit about 500,000 people while 105,000 households would have access to electricity supply.

    The Minister of Finance, Mrs Zainab Ahmed, on Wednesday told State House correspondents that the electrification project aligned with the strategy of the federal government on electrifying rural communities.

    “The maximum power that will be generated will be 76.5 megawatts installed generating capacity, part of which is 68,000 megawatts of solar,’’ she said.

    Adesina was elected as the 8th President of the African Development Bank on Thursday, May 28, 2015.

    The AfDA President took over from Donald Kaberuka of Rwanda, and assumed duty in September 2015 in Abidjan, Cote D’Ivoire.

  • Osinbajo launches AfDB-funded $258m northeast recovery intervention

    The African Development Bank and the Federal Government have launched the Inclusive Basic Service Delivery Livelihood Empowerment Integrated Programme – a $258million comprehensive multisectoral intervention aimed at bolstering rehabilitation efforts in north-eastern Nigeria.

    According to a statement by the AfDB, Nigeria’s Vice President Yemi Osinbajo launched the program at the bank’s premises in Abuja. The launch was attended by Governors of five northeast states, ministers, development partners and key stakeholders.

    The statement quoted Osinbajo saying that: “It has been gratifying to note how enthusiastically our friends and partners have rallied to our support, mobilizing resources to tackle the crisis in the northeast.

    “We would like to express the profound appreciation of the Federal Government to the Bank for being a partner in progress with us.

    “When the story of the region’s recovery is told, the work of the African Development Bank will occupy a well-merited and prominent chapter,” Osibanjo said, lauding the program as a landmark intervention in support of the region, which has suffered devastation from insurgency.

    The AfDB has stated clearly that state governments of the northeast will implement the Bank’s $258million programme with the Federal Government’s support.

    In terms of impact, 14 million affected people including 2.3 million internal displaced persons (IDPs) will benefit from health, nutrition, education, water and sanitation services.

    The Programme is targeting 9,000 IDPs and heads of vulnerable households who will receive direct economic assistance, while 2,023 small and medium scale enterprises (79% women) will receive business development support. About 2,900 construction artisans and mechanics in the informal sector will also get help to improve their productivity. The initiative envisages that 2,000 unskilled youth will be trained for employment.

    The President of the African Development Bank, Akinwumi Adesina represented by the Bank’s Senior Director in Nigeria, Ebrima Faal, highlighted the programme’s emphasis on inclusivity.

    Read Also: AFDB okays $32m for Climate Fund

    “It incorporates special gender considerations by ensuring that women are active participants in all stages of the project and providing training for women and youth entrepreneurs to increase their chances for employment and business opportunities,” Adesina said.

    “The Bank has remained a strong partner of the Federal and State Governments in their efforts to restore livelihoods in the northeast. For instance, throughout the period of heightened conflict in the region, the Bank intervened with two critical programmes in Yobe and Taraba States. The experience gained and lessons learned from implementing these two projects are incorporated in the design of the current intervention,” he added.

    Bauchi State Governor, Mohammed Abubakar thanked the Bank for putting together what he described as the first integrated and inclusive plan for rebuilding of northeast Nigeria.

    “Part of the underlying factors that led to the crazy phenomenon of Boko Haram is illiteracy and lack of economic capacity. For the first time, we have now a program that attempts to address all these issues at once,” he said.

    The intervention seeks to reduce fragility aggravated by the Boko Haram insurgency by contributing to emergency transition, recovery and peacebuilding efforts. It focuses on three main components – service delivery, economic recovery and institutional strengthening. It also includes support to ensure increased access of the poor and vulnerable to basic social services in water, sanitation, hygiene, health and education, as well as livelihood opportunities, food security and strengthened safety net systems.

    Participating states include Adamawa, Bauchi, Borno, Gombe and Taraba states.

    In his remarks, Chairman of the Presidential Committee on the North-East Initiative, Theophilus Danjuma noted that given the growing traffic of displaced persons back to their home communities, the provision of essential services and job creation in safe locations will play a huge role in ensuring the sustainability of the post-crisis recovery.

  • N1.4b development projects for 140 Ebonyi communities

    It was a rally meant to launch the electioneering campaigns of the Peoples Democratic Party in Ebonyi North and Central zones in Ikwo and Izzi Local Government Areas.

    However, Governor David Umahi turned it into a platform to inaugurate projects in over 140 communities.

    “I didn’t come for campaigns; I came to share more democracy dividends. The only campaign I am doing is projects, he said as there were chants of “Professor of projects” by the jubilant crowd.

    The governor promised that the Abakaliki Ring Road will commence by March.

    He said efforts to begin the construction of the road in the past years were allegedly delayed by some members of the All Progressives Congress (APC) who deployed all means to thwart the efforts of government to take loan from the African Development Bank (ADB) with which to construct the road.

    The Abakaliki Ring Road is the longest in the state and cuts across eight out of the 13 local government areas.

    When constructed, it will open up the hinterlands for export of goods and lead to more commercial activities.

    Since it was constructed by the Jim Nwobodo administration when the area was part of Enugu State, the road has not been reconstructed.

    Former Governor Martin Elechi tried to reconstruct the road but didn’t succeed despite that he is from the zone. The few portions of the road he attempted to do, especially the part leading to his house, have since failed due to poor quality of work.

    But Governor Umahi, who is from Ebonyi South Senatorial District, has vowed to fix the road with concrete stone base. This is a new method of road construction which he is pioneering in the country and which has been adjudged the strongest with the capacity to last for between 50 and 100 years.

    Already the Ezzamgbo to Effium section of the road has been done by the governor using state funds. The section was one of the worst areas that have deteriorated. Umahi said he was committed to ameliorating the suffering of the people; hence he decided to use state funds to do the road rather than wait for the loan which is allegedly being stalled by some members of the opposition.

    “The same people who caused the delay are still coming to ask you to vote for them. We will commence the road by March and will do more projects for you,” the Governor told the people of Izzi Local Government Area.

    Umahi also inaugurated the N1.4 billion community development project for the 140 communities.

    According to him, each community will get N10million to carry out a project of their choice.

    He also said the money for the community projects has already been set aside, adding that leaders of all the 140 communities have submitted projects their communities would like to execute.

    Umahi noted that he will continue to develop the state, even as he called on the people to continue to support his administration.

    “We are beginning N10million projects in each of the 140 communities. The money is already available; we believe in action not in promises that would not be fulfilled. We said every community should give us project of their choice and they have done that. So, we will need to flag it off,” he said.

    The governor also inaugurated the Community Development Project where every community will get N10million to carry out one project of their choice.

    Chairmen of Town Unions from the local government areas were present to receive the cheques from the governor who also announced that work on the Oferekpe River Bridge to link the Ikwo and Cross River State will commence soon.

    In their separate speeches, the Director-General of Umahi’s Campaign Organisation, Chief Fidelis Nwankwo; the state Chairman of PDP, Barrister Onyekachi Nwebonyi and the National Vice-Chairman of PDP, Southeast zone, Chief Austin Umahi, urged the people to re-elect Umahi and other PDP candidates as reward for good work is more work.