HomePoliticsIkpeazu Secures $50m Loan For Construction Of 500km Of Roads

Ikpeazu Secures $50m Loan For Construction Of 500km Of Roads

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The outgoing Governor of Abia State, Okezie Ikpeazu has secured a loan worth $50 million that will be used to facilitate the construction of 500 kilometers of roads in the state by the incoming administration.

Ikpeazu revealed this on Thursday evening during an interaction with newsmen at the Governor’s Lodge, Aba.

The governor pointed out that his commitment and resolve to leave Abia is better than he met it informed the decision to secure the funds for the state was informed by

He said the funds had created an avenue for Abia to record massive road construction to boost the infrastructure development of the state.

Ikpeazu said the facility had a repayment period of 20 years with 10 years moratorium, adding that his administration has negotiated and perfected interest rate of the facility to be at 0.006 percent.

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He said the handover of the reconstructed Faulks Road, Aba, and the remodeled three blocks in A-line of Ariaria International Market by his administration were among projects he remained grateful to God for.

Ikpeazu said he adopted a multifaceted approach in the development of the state, adding that his administration has laid a solid foundation for successive governments to come.

According to him, the Enyimba Economic City project, conceptualised by his administration, when completed, would provide over 600, 000 jobs to the teeming youths over a 10-year period.

He added that challenges of leadership were not in conceptualising ideas, but in connecting and channeling them into an agenda to create a better life for people of the state.

Ikpeazu said he is pleased with his stewardship, relationship style and disposition to issues, adding that these had facilitated maintenance of peace and order in Abia.

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