Islamic finance

May 9, 2019

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Nigeria to receive US $70m loan for a road project in Ebonyi State

The African Development Bank Group has approved a US $70 m loan for a road project in Nigeria’s southeastern Ebonyi State, with the aim of improving the quality of life of Africans by improving accessibility and road safety in its member countries.

The loan would cover the rehabilitation and asphalting of a 51km road between Nwezenvi and N’Doko, and part of the corridor between N’Doko and Ezzamgbo spanning 38.91 km, the bank stated.

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