Ogun, Katsina, Jigawa and Plateau states proposal for the acquisition of about 492.4 Million Dollars foreign loan have been approved by Legislators at the Lower House of the National Assembly.
The composition of the loan facility indicates Jigawa State to get 32.4 million dollars from the Islamic Development Bank for integrated rural development.
Ogun State intends to source for 350 million dollars for its water development from the World Bank.
On the other hand Katsina state moves for 110 million dollars from the Islamic Bank for healthcare, while Plateau state requires 50 million dollars from the French Development Bank for its third national urban water project.
The endorsement by the House comes after the consideration of a report of its committee on “aids, loans and debt management”, which was prepared on demand under the medium term external borrowing rolling plans of the Federal Government for 2016 to 2018.
