CBN Advert

newscorner

Business news

World Bank grants N70ml for developmental projects in Enugu state

No Comments Share:

The World Bank has awarded 70 million naira grants for development projects in seven communities in Enugu state, south east Nigeria.

The General Manager, Community and Social Development Project in Enugu state made this known at the presentation of the first tranche (30 per cent) of the total fund to leaders of each of the seven benefiting communities.

Asogwa said the projects included extension of electricity, rehabilitation of roads/bridges, construction of classroom/principal office blocks, boreholes, market and civic centres, among others.

He reiterated the need for judicious use of the funds, stressing that accountability remained the watch word of the state government under Governor. Ifeanyi Ugwuanyi.

“We are happy that the World Bank in conjunction with the Enugu State Government has come to your rescue. The funds are ready in our office. When you utilise the first tranche of 30 per cent as expected, the second tranche of 50 per cent will be disbursed to you. The third tranche of 20 per cent will be given for the completion of the project,” he explained.

The seven communities would get N10 million worth of project each totaling N70 million with the projects scheduled to be delivered within six months.

It would be recalled that the World Bank, in conjunction with Enugu state government, had recently presented N40 million for developmental projects to four rural communities in the state.

Previous Article

STACO Board Leads Company Change Process

Next Article

Nigeria Customs intercepts 4,200 bags of rice in Kogi state

You may also like

Leave a Reply

Your email address will not be published. Required fields are marked *