QUALITATIVE WATER SUPPLY TO RECEIVE A BOOST AS AFRICAN DEVELOPMENT BANK APPROVES $124.2 MILLION lOAN FOR ONDO STATE
Building on the success of the Kamoni Aketi water scheme in Ondo State, the drive of the Akeredolu led administration to ensure that water scarcity becomes a thing of the past through the provision of adequate qualitative water supply right across the 18 local government areas of the state has received a major boost as the The Board of Directors of the African Development Bank on the 12th of December 2019 approved a $ 124.2 million loan to finance the Urban Water Sector Reform and Akure Water Supply and Sanitation Project in Nigeria. The amount includes an African Growing Together Fund (AGTF) loan of $20 million.
According to Ebrima Faal, Senior Director at the Bank’s Nigeria Regional Office, “the project is set to address bottlenecks in critical water supply services to households in the densely populated project area. It would provide residents of Akure city (Ondo State) and its environs, access to safe drinking water and sanitation. The project will strengthen the Federal Government’s capacity to facilitate urban Water Supply and Sanitation reforms.”
The overall project cost is $222.69 million and it’s expected to span five years from 2020-2025. Also it’s been projected that on the completion of the project, the project will benefit the 1.3 million residents of Akure City and vicinities. The Loan will see to the completion of the on-going rehabilitation of the Owena multipurpose dam. Also the loan will also help to install sanitation infrastructure for schools, hospitals, markets.