More
    HomeBusinessAbia gets $263.8m from AfDB, IsDB others to boost roads, infrastructure

    Abia gets $263.8m from AfDB, IsDB others to boost roads, infrastructure

    Published on

    The African Development Bank has announced the launch of a $263.8m integrated infrastructure development project in Abia State, aimed at modernising urban infrastructure and rehabilitating over 248 kilometres of roads across the cities of Umuahia and Aba.

    According to a press statement issued by the bank on Wednesday, the project, which was officially launched on July 11, 2025, is being implemented in partnership with the Islamic Development Bank, the Federal Government of Nigeria, and the Abia State Government.

    The statement read, “The African Development Bank, in partnership with the Islamic Development Bank, Nigeria’s Federal Government and Abia State, has launched the Abia State Integrated Infrastructure Development Project on 11 July 2025.

    “The project is a transformative $263.8 million initiative to modernise urban infrastructure, enhance mobility, and promote inclusive, climate-resilient development.”

    The African Development Bank is contributing $115m to the project—$100m from its ADB window and $15m from the Canada-AfDB Climate Fund. The Islamic Development Bank is co-financing with $125m, while the Federal Government is providing $23.8m in counterpart funding.

    “The project addresses critical infrastructure gaps in urban transport, erosion control and waste management, which have long constrained mobility, public health and economic productivity in the cities of Umuahia and Aba in Abia State.

    “The African Development Bank is contributing $115m to the project, including $100m from its ADB window and $15m from the Canada-AfDB Climate Fund. The Islamic Development Bank is co-financing with $125m, while the Federal Government of Nigeria is providing $23.8m in counterpart funding.

    “The project will rehabilitate more than 248 kilometres of roads in the cities of Umuahia and Aba, restore two erosion sites, and catalyse private sector investment in solid waste management through public-private partnerships,” the statement noted.

    Latest articles

    APC Names Uba Sani As Ekiti Guber Election Campaign Council Chairman

    The All Progressives Congress (APC) has appointed the Governor of Kaduna State, Uba Sani,...

    What’s That Noise – Presidency Fires Back At ADC, Labels Party Confused And Disorganised

    The Presidency has described the African Democratic Congress (ADC) as a party struggling to...

    Price Of Petrol Drops In Filling Stations

    Petrol prices have dropped to ₦1,295 per litre in parts of Abuja and its...

    We Are Borrowing To Invest In The Economy – Presidency Replies Sanusi

    Special Adviser to President Bola Tinubu on Policy Communication, Daniel Bwala, has responded to...

    More like this

    APC Names Uba Sani As Ekiti Guber Election Campaign Council Chairman

    The All Progressives Congress (APC) has appointed the Governor of Kaduna State, Uba Sani,...

    What’s That Noise – Presidency Fires Back At ADC, Labels Party Confused And Disorganised

    The Presidency has described the African Democratic Congress (ADC) as a party struggling to...

    Price Of Petrol Drops In Filling Stations

    Petrol prices have dropped to ₦1,295 per litre in parts of Abuja and its...