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Nigeria needs $450m from IDB to generate electricity

05 August 2013, 07:46

Abuja - Vice-President Namadi Sambo says that Nigeria needs about 450 million dollars from the Islamic Development Bank (IDB) to expand its electricity generation capacity to reach 20,000 megawatts.

A statement issued in Abuja by Malam Umar Sani, the Senior Special Assistant to the Vice-President on Media, said that Sambo said this on Sunday when he received the President of the IDB, Dr Ahmed Mohammed Ali, in Makkah.

Sambo, who is in Saudia Arabia to perform this year’s lesser Hajj, expressed appreciation for the continued support of the IDB to Nigeria.

He stated that all the approvals granted by the bank over the years had been ratified by the National Assembly and the Federal Executive Council (FEC).

Responding, the IDB chief said that he wanted to use Sambo’s visit as a platform to boost Nigeria-IDB cooperation.

Ali disclosed that the bank had approved three out of the five projects submitted by Nigeria.

"They include construction of four new science secondary schools in Kaduna State, worth 17.9 million dollars; construction of 300-bed specialist hospital in Kaduna State at 43.15 million dollars; and the Zaria water supply project worth 81 million dollars,” he said.

-    NAN


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