The Federal Executive Council has given approval for the collection of $104.2m and $20m loans from two international financial institutions for the development of water projects in Nigeria.

According to the Federal Ministry of Water Resources, the loans would come from the African Development Bank and the African Growing Together Fund.

Spokesperson for the ministry, Kenechukwu Offie, who disclosed this in a statement issued on Thursday in Abuja, said the loans would be deployed to the projects to ensure sustainable water supply.

She said, “The Federal Executive Council at its meeting of November 4, 2020, approved to obtain loans of $104.2m from African Development Bank and $20m from African Growing Together Fund to finance Nigerian Urban Water Reform and Akure Water and Sanitation Project.

“The project aims to provide sustainable access to safe drinking water for the residents of Akure city and its environs.”

The statement further noted that the Federal Executive Council at its recent meeting of November 4, 2020 also approved the award of contract for the completion of the Ota Water Supply Scheme in Ogun State.
It said the approval was in favour of Messrs Naston Engineering Nig. Ltd in the sum of N3,937,494,634.83 inclusive of 7.5 per cent Value Added Tax with a completion period of 24 months.

https://m.punchng.com/News/FG-to-obtain-$124.2m-loans-for-water-projects

What is happening with loans in this country
Is it the new normal??
Was the general in truth loaned from Niger??

We are finished
Everybody either dug their boreholes and wells or fetch from rivers and ponds, which sustainable water are they talking about?

Tea project nko

...


Before our very eyes they will murder this country and then run away with the remaining they saved up.



We have a problem that needs to be dealt with

Click on that link to Read that book in my signature

The Nigerian youths need the truth an solution in that book

Seems we have used up our limit of borrowing from China we have now resorted to borrowing from d likes of Brazil and African institutions

Fvck the government.

If Buhari fails to pay back these loans as a result of death, his children and government of the North will pay it. The loan is not for Nigeria but for this foolish man and his fellow criminal

Something is wrong some where.

Loan Again?

What have we done to deserve this level of wickedness?

Loan again? Borrow! Borrow economic life is never the best.So much debt pillage under this senseless regime.

Make We just dy wait for Slave Masters

Nigeria has expired ! This is the signs of it expiration...

And who will repay these useless,senseless,worthless loans back. We the citizens right. Fuc k shiiiit man gotta fuckin japa go UK.

The loan government

Who are all these people borrowing them money sef?

Ok. Àsírí ábò

Reducing the cost of governance by 40% will finance all this projects instead of collecting loan up and down like a widow fending for four children in the higher institution.

And who will repay these useless,senseless,worthless loans back. We the citizens right. Fuc k shiiiit man gotta fuckin japa go UK.
Leave me alone =loan.
Nawa

This gworo chewing aboki has doomed us in this country o..

Anyway to the mod that banned me for 10 years without any reason.. May your blessings be delayed for 10 years..

Alamajhiri country, u beg here, u beg there

The redundant coupist is hell bent on sinking Nig!

Borrow borrow still e no make them rich.

Borrowing for ordinary water Chai.

genius123:
Meanwhile,
Get your day and night window blinds for 7500

Nice.

We would soon hear sex project i swear

This is the beginning.
We will still vote old fools to power in 2023

Why are we collecting loan to service our economy, this people are just piling up debt for incoming generations, when are we going to start thinking out of the box
Video editing tutorial
Make a memory slideshow video effect

https://www.youtube.com/watch?v=zr816WyIzBM