{"id":36999,"date":"2019-12-14T01:41:53","date_gmt":"2019-12-14T00:41:53","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=36999"},"modified":"2019-12-14T01:41:53","modified_gmt":"2019-12-14T00:41:53","slug":"afdb-approves-n44-7bn-for-water-supply-in-ondo","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/afdb-approves-n44-7bn-for-water-supply-in-ondo\/","title":{"rendered":"AfDB Approves N44.7bn For Water Supply In Ondo"},"content":{"rendered":"\n\n\n\n\n
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Water Supply and Sanitation Project in Nigeria has received a boost as the Board of Directors of the African Development Bank<\/a>\u00a0 (AfDB) on Thursday approved a N 44.7 billion ($ 124.2 million) loan to finance the Urban Water Sector Reform and Akure.<\/div>\n
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The amount also includes an African Growing Together Fund (AGTF) loan of $20 million, to finance the project with overall cost of $222.69 million that will span five years from 2020-2025.<\/p>\n

According to a statement issued in Abidjan, Cote D’voire, the project is set to “address bottlenecks in critical water supply services to households in the densely populated project area.”<\/p><\/div>\n

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It would provide residents of Akure city of Ondo State and its environs access to safe drinking water and sanitation. The project will strengthen the Federal Government\u2019s capacity to facilitate urban Water Supply and Sanitation reforms.<\/p>\n

\u201cThe project will particularly contribute to improving the living conditions of the communities in the project area. Involving these communities in the public awareness and marketing activities, will increase the project\u2019s ownership and ensure they pay for the water supply and sanitation services,\u201d said Ebrima Faal, Senior Director at the Bank\u2019s Nigeria Regional Office.<\/p>\n

The loan will also help to install sanitation infrastructure for schools, hospitals, markets.<\/p>

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On completion, the project will benefit the 1.3 million residents of Akure City and vicinities. At the Federal level, the project\u2019s Urban Water Reform component will establish a water and sanitation investment program that would contribute to scaling up of the National WASH Action plan 2018-2030.<\/p>\n

The project, which combines \u201chard\u201d water, sanitation and environmental protection infrastructure with \u201csoft\u201d analytical and institutional reform support, aligns with the Bank\u2019s Ten-Year Strategy (TYS) and its priority areas, the Integrated Water Resources Management (IWRM) Policy.<\/p>\n

As at December 13 2019, the Bank\u2019s active portfolio in Nigeria comprised 61 operations, of which 54 are national and seven are regional.<\/p><\/div>\n

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The total commitment to these projects is $4.8 billion and includes water and sanitation projects worth $606.0 million.<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>","protected":false},"excerpt":{"rendered":"

Water Supply and Sanitation Project in Nigeria has received a boost as the Board of Directors of the African Development Bank\u00a0 (AfDB) on Thursday approved a N 44.7 billion ($ 124.2 million) loan to finance the Urban Water Sector Reform and Akure. The amount also includes an African Growing Together Fund (AGTF) loan of $20 …<\/p>\n","protected":false},"author":9,"featured_media":17041,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[174,17,624],"tags":[682,3664,169,6549],"coauthors":[2387],"class_list":["post-36999","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-health","category-news","category-politics","tag-afdb","tag-akure","tag-ondo","tag-water-and-sanitation"],"yoast_head":"\nAfDB Approves N44.7bn For Water Supply In Ondo - National Wire<\/title>\n<meta name=\"description\" content=\"The Board of Directors of the African Development Bank (AfDB)\u00a0 on Thursday approved a N 44.7 billion ($ 124.2 million) loan to finance the Urban Water Sector\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/afdb-approves-n44-7bn-for-water-supply-in-ondo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AfDB Approves N44.7bn For Water Supply In Ondo - 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