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FG to borrow from NDDC, Sukuk bond to fund Calabar-Itu road project
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The Senior Special Assistant to President Muhammadu Buhari on Niger Delta Affairs, Senator Ita Enang, has disclosed that the Federal Government will source funds from the Niger Delta Development Commission (NDDC), the Sukuk bond as well as other sources to finance substantial part of the Calabar-Itu Road project next year.
He noted that the plan became necessary due to insufficient funds for the project in the 2021 budget.
Enang disclosed this on Tuesday while inspecting a four-kilometer portion of the Calabar-Itu Road already completed by Julius Berger Plc.
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