The Niger State Government has signed an MoU with the ECOWAS Bank for Investment and Development to finance four (4) priority projects totaling $114 million in various socio-economic sectors.
At the occasion of the Ecowas Investment Forum (EIF) that took place between April 4-5, 2024, in Lome, Togo, the Niger State Government signed an MoU with the ECOWAS Bank for Investment and Development tofinance four (4) priority projects totaling $114 million in various socio-economic sectors.
The projects to be financed are:
1. Construction of the Madalla-Suleja -Maje dual carriage road ($30m),
2. Construction of Madalla Green Economic Market ($11m),
3. Construction/conversion of the former Secretariat into School of Medical and Health Sciences (S40 m) and
4. Construction of 8 International Trailer Rarks in Makwa, Tafa, Lambatta, Bida, Makera, Dikko, Tagina and Kontagora ($43m).
The Niger State government was represented by Commissioner of Finance, Lawal Adamu Maikano, and Sammy Adigun, Chairman of Niger Foods. Representing ECOWAS Bank of Development and Investment were Dr. Olagunju M. Olalekan ASHIMOLOWO, Vice-President of Operations, George Agyekum DONKOR, PhD, DBA, President and Chairman of the Board of Directors, and Dr. Mory SOUMAHORO, Vice-President of Risks and Control at EBID.
This is part of a significant effort to streamline the ongoing transformation of the state by opening up new opportunities for investment promotion in the region, accelerate the infrastructure advancement in the state which will create more job opportunities, improve the health sector and bring the “New Niger” agender of His Excellency, Farmer Governor Umaru Bago, to fruition in a timely manner.
EBID is a bank established to promote cooperation, integration and economic development of West African countries that currently comprises fifteen (15) Member States including: Benin, Burkina Faso, Cape Verde, Cote d’Ivoire, The Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leane and Togo.
