The Abia State Government says the Federal Executive Council has approved a $125 million Islamic Development Bank loan as part of its Integrated Infrastructure Development Project.
Chief Press Secretary to Governor Alex Otti, Ukoha Njoku, said on Thursday that the IsDB facility is key to the project’s $263.8 million co-financing package, which also includes $100 million from the African Development Bank, $15 million from the Canada–Africa Development Bank, and $23.8 million as state counterpart funding.
The funds will support the construction of 126km of roads in Aba and 35.57km in Umuahia, along with a link road between both cities and erosion control works. The project is expected to create over 3,000 jobs, cut travel time, improve access to social services, and attract private investment.
Njoku said procurement for the IsDB-funded component will follow bank guidelines with disbursements made directly to contractors. He added that Governor Otti remains committed to modernising Abia’s transport network in line with his development agenda.
