Kaduna secures N22.56bn Islamic bank loan for infrastructure

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By Luka Binniyat

KADUNA — The government of Kaduna State has secured a $141 million (about N22.56 billion) loan from Islamic Development Bank, IDB, for the provision of infrastructure in health, education and water supply sectors of the economy.

This was contained in a statement signed by the Director General, Media and Publicity, to the Governor, Mallam Ahmed Maiyaki.
Maiyaki said: “The loan is broken into $81 million for the construction of Transmission Mains and Service Reservoirs at the Zaria Regional Water Supply Project.

“$43.13 million for the provision of modern equipment at the 300 bed-space Specialist Hospital at the Millennium City which is presently at 67 per cent completion and $17.32 million for the construction of four new Science Secondary Schools to be located in the New Kaduna City, Koreye in Sabon Gari Local Government Area, Rigachikun in Igabi Local Government Areaand Manchok in Kaura Local Government Area.

”The actual total amount of $141.45 million is contrary to reports by some media outfits erroneously putting the total IDB loan at $300 million.’’
He said Governor  Mukhtar Yero reiterated his administration’s commitment to completing all projects it inherited from his predecessors.

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