(Ecofin Agency) - In Nigeria, the Kwara State government has approved the release of N937.5 million ($2.6 million) to contractors carrying out infrastructural projects across the state. This was disclosed in a statement issued by the State Commissioner for Finance, Demola Banu, during the weekend.

Banu in the statement explained that the fund was released to ensure that ongoing projects and new projects were completed on schedule. It would also cover payment for some completed projects. He added that once the payments scheduled for September were made, eight additional projects would have been fully paid and dropped off the IF-K payment grid.

This new development follows an announcement by the state commissioner for Works and Transport, Aro Yahayha, that the State government has spent over N7 billion ($19.1 million) to finance 20 projects under the IF-K from 2016 till date.

According to the commissioner, the projects include the rehabilitation of Egbejila road, Ilorin, Oke-Opin township road, Ilorin water supply and reticulation network, channelization network of Ita-Alamu village as well as the ongoing repositioning of the state-owned media houses, among others.

Anita Fatunji