News
23 January 2020
AfDB to finance water and sanitation project in Akure, Nigeria
In:
Waste and water
Region:
Middle East & Africa
The African Development Bank has agreed 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 loan of $20 million.
The project, which will take five years to complete, has an overall cost of $223 million is aimed at addressing bottlenecks in critical water supply services to households in the densely populated project area of Akure City and surrounding areas.
The funds will also see the installation of sanitation infrastructure for schools, hospitals, markets. The project combines “hard” water, sanitation and environmental protection infrastructure with “soft” analytical and institutional reform support.
