Plateau Officials spend 70% ADB loan on infrastructure
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Nigeria: Central Nigerian officials on Friday said they are currently building infrastructure for a proposed “Potato Value Chain Project” in Plateau State.
Though not confirmed, 70% of a N3.38bn African Development Bank loan secured in 2017 has been used to build 18 Community Markets, six completed and handed over to the Local Governments and Communities, Plateau State Commissioner of Information, Dan Manjang said in a press statement.
12 Diffuse Light Stores are equally under construction, with three nearing commissioning, said Manjang.
Additionally, the Commissioner said two Processing Centres are being constructed along with 17 Spring Captures, 26 Water Harvesting Structures for Dry Season Irrigation as well as a 200km “Spot Road Improvement” across the 17 LGAs of the State.
20% of the total fund, he said was for Capacity Building and 10% for Project Management.
The disbursement of the loan from the ADB, said the Official, is done directly to Contractors and Consultants.
Federal Officials on Wednesday 26th July 2017 announced the approval of the loan following the ADB’s “comprehensive programme on potato production in Plateau State”.
According to the then Minister of Finance, Kemi Adeosun, the fund would create 60,000 jobs, benefitting 100,000 families across the State’s 17 local government areas.
