1.3m Nigerians to benefit from AfDB funded US$124.2m water sector improvement project

NIGERIA — The Board of Directors of the African Development Bank have approved a US$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.

The overall project cost is estimated to cost US$222.69 million and will span five years from 2020-2025.

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 also strengthen the Federal Government’s capacity to facilitate urban Water Supply and Sanitation reforms.

 “The 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’s ownership and ensure they pay for the water supply and sanitation services,” said Ebrima Faal, Senior Director at the Bank’s Nigeria Regional Office.

The loan will also help to install sanitation infrastructure for schools, hospitals, markets.

AfDB said that on completion, the project will benefit the 1.3 million residents of Akure City and vicinities.

At the Federal level, the project’s 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.

“The project, which combines “hard” water, sanitation and environmental protection infrastructure with “soft” analytical and institutional reform support, aligns with the Bank’s Ten-Year Strategy (TYS) and its High 5s priority areas,” the AfDB statement read.

As at December 2019, the Bank’s active portfolio in Nigeria comprised 61 operations, of which 54 are national and seven are regional.

The total commitment to these projects is US$4.8 billion and includes water and sanitation projects worth US$606 million.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.