Public Management

Nigeria: Kwara Govt spent over $19m on road projects in one year, disburses $2.6m to contractors

Monday, 28 August 2017 19:36

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

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
CEMAC non-performing loans fall to 16.0% in 2025, BEAC says Lending rises 10.7% despite tighter liquidity and higher borrowing costs Growth,...
Investec secures $200 million IFC loan for green housing finance Funds to support eco-buildings, affordable green home loans in South...
“Keur Samba” securitization bonds begin trading on the BRVM Operation backed by NSIA Banque CI and Orabank CI totals CFA52 billion Move aims...
Witti Finances Holding acquired a majority stake in Kajas Microfinance, entering the Senegalese market. The firm rebranded the entity as Witti...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
03

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
04

M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...

In Africa, Banks Face a New Rival: Telecom Operators
05

This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...

Weekly Health Update | Africa Faces Health Supply Risks; DRC Ends Mpox Emergency
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.