National

FG seeks fresh $500m World Bank loan for dam safety, others

Voice Air Media, News Update

In a bid to enhance water resource management & improve dam safety nationwide, the Federal Government has put forward a request for a $500m loan from the World Bank.

The loan is aimed at tackling water security challenges in the country & bolstering agricultural productivity under the Sustainable Power & Irrigation for Nigeria Project.

Outlined in a Project Information Document by the World Bank, the SPIN project will zero in on important focus areas such as institutional strengthening, irrigation modernization, dam operations and safety enhancements, as well as project management.

The planned approval date for the SPIN project is set for September 26, 2024. Efforts will be concentrated on fortifying federal & state bodies responsible for water resource management.

This includes formulating national dam safety guidelines, providing training for water resources and irrigation management, & devising an exhaustive hydropower master plan.

VAM News

Recent Posts

2027 Presidency: Goodluck Jonathan joins race

THE Tanimu Turaki-led faction of the Peoples Democratic Party, PDP, is set to screen former…

15 minutes ago

Bus kills pedestrian in fatal crash

A pedestrian has lost his life after being knocked down by a Toyota Coaster bus…

51 minutes ago

Court Grants El-Rufai N100m Bail, Sets Conditions

The Federal High Court in Abuja has granted bail to former Kaduna State Governor, Nasir…

2 hours ago

US military targets ISIS in Nigeria again

The US Africa Command, AFRICOM, in a joint collaboration with the Nigerian Government has carried…

2 hours ago

Man behead mother, kills sister, child in attack

In the first incident, a middle-aged man allegedly attacked and killed his mother with a…

2 hours ago

Osun APC calls for calm amid election disputes

The leadership of the All Progressives Congress, APC, in Osun State has called for restraint…

4 hours ago