FG Set To Get hold of $124.2M Mortgage For Water Venture


President Buhari

A mortgage of $104.2m and $20m to be gotten from two worldwide monetary establishments has been authorized by the Federal Government Council for the event of water tasks within the nation.

Spokesperson of the Federal Ministry of Water Sources, Kenechukwu Offie, disclosed this in a press release on Thursday, November 5, in Abuja.

In line with her, “The Federal Government Council at its assembly of November 4, 2020, authorized to acquire loans of $104.2m from African Growth Financial institution and $20m from African Rising Collectively Fund to finance Nigerian City Water Reform and Akure Water and Sanitation Venture.

The mission goals to supply sustainable entry to secure ingesting water for the residents of Akure metropolis and its environs.”

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