Kwara To Spend N7.2 BN On Ilorin Water Project
Kwara Government on Thursday said it would spend N7.2 billion on the Ilorin metropolis water reticulation project.
News Agency of Nigeria reported that, Mr Yomi Ogunsola, the Senior Special Assistant to the Governor on Investment, Promotion and Strategy, said this at a news conference in Ilorin.
The briefing according to Ogunsola was organised to shed light on the N23 billion bond being sought by the state government from the capital market.
Ogunsola said the state government had spent more than N5.2 billion on the project, bringing it to about 98 per cent completion stage.
He said N2 billion would be used from the proposed N23 billion bond to complete the water project.
Ogunsola said the bond would also be spent on the renovation of 120 schools and the indoor Sports Hall of the State Stadium Complex in Ilorin.
He said the bond, which would also be used to carry out additional work at the Kwara Diagnostic Centre, added that it would be repaid within seven years.
