Nigeria gets $67m World Bank loan for Hadejia dam

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Nigeria has accessed the $67 million World Bank loan for the rehabilitation of Hadejia Velley Dam in Jigawa state.

Senator Ubale Shittu, Chairman, Senate Committee on Water Resources, told the News Agency of Nigeria (NAN) in in Dutse that $60 million would be used to rehabilitate and expand the dam by 1,000 hectares.

He said that the remaining $7million dollars would be spent on dredging of the river from Tiga Dam in Kano State to Koli in Kirikasama Local Government Area of Jigawa.

According to him, the contract for the project would be awarded next month while work is expected to commence by the end of first quarter.

Shittu, representing Jigawa North-East, said that the project would boost irrigation, water supply and fish farming in the area, when completed.

The Senator said that President Muhammadu Buhari’s administration inherited N88 billion liabilities on ongoing dam projects across the country.

He said that the liabilities were indicated in the audit report of the Ministry of Water Resources made available to his committee.

He said that the projects, at various stages of completion, were awarded by previous administrations.

According to him, 25 per cent of such ongoing projects had been injected into 2017 budget presented to the National Assembly.

The Chairman emphasized the present administration’s commitment to the development of dams across the country to boost agriculture. (NAN)

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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