Aba Flood Mitigation Works News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Daily Post Nigeria
Published
12. It is important to note that the World Bank financial intervention in this Ndiegoro project is a loan as against a grant. The implication is that Abia State Government will pay back the portion of the money invested by the bank on the basis of agreed terms. When you review the debt profile of the state and see a spike, it is because of this project and other necessary similar interventions. It is also wrong for unscrupulous politicians and their hirelings to claim that the project is not a state government project because it is the state government (on behalf of the people of the state) that is ultimately paying while World Bank is only bridging a funding gap. ....

Port Harcourt , Nigeria General , United Arab Emirates , Abuja Federal Capital Territory , Okezie Ikpeazu , John Okiyi Kalu , Ogbor Hill , Setraco Construction Company , Hartland Construction Company , World Bank , Workd Bank , Abia State Government , Governor Ikpeazu , Port Harcourt Road , Obohia Roads , Cemetery Roads , Ohanku Road , Tunnel Boring Machine , Ngwa Road , Governor Okezie Ikpeazu , Aba Emergency Flood Mitigation , Aba Flood Mitigation Works , Abia State , Federal Government , Ndiegoro Flood Mitigation , United Arab ,