Business A.M
No Result
View All Result
Friday, February 27, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

World Bank, Enugu Govt. earmark N40m for projects in 4 communities

by Admin
July 31, 2018
in Frontpage

The World Bank, in conjunction with Enugu State Government, earmarked N40 million for developmental projects in four rural communities in the state, Dr Maximus Asogwa, the General Manager, State Agency for Community and Social Development Project (CSDP) said.

Asogwa made this known on Monday in Enugu at the presentation of the first tranche of the fund to the communities, adding that the projects were in line with the policy thrust of the state government.

He said that the projects to be sited in Umualor, Amede, Olido and Umuadonuowo in Isi-Uzo and Igboeze North local government areas, would include provision of Primary Health Centre (PHC) facilities, electricity, housing and water projects.

The general manager urged leaders of the benefitting communities to use the fund for the projects and
commended Gov. Ifeanyi Ugwuanyi for providing the counterpart fund, as well as creating an enabling environment for accelerated rural development in the state.

He added that the projects were community-driven as the communities were allowed to choose the projects they needed and handle the construction of such facilities.

He said “these projects, namely: boreholes, extension of electricity, schools and others, are to be maintained by the communities.

“The funds are disbursed in three tranches, which are 30 per cent, 50 per cent and 20 per cent. This is to make sure that the funds are not diverted.

“Today, we present the first tranche of about N3 million to each community involved.

The various community leaders who reacted to the gesture, lauded the World Bank, the Enugu State Government and CSDP for providing funds for their “key need’’ projects.

The Traditional Ruler of Olido Community, Igwe Augustine Ageshi, who spoke on behalf of the befitting communities, said: “we cannot thank you enough for providing us the opportunity to get the second necessity of life after the first, which is air.’’

Ageshi, whose community got borehole projects, said that the only way of showing appreciation to the government would be to ensure massive vote for re-election of Gov. Ugwuanyi.

Each of the four communities will get N10 million worth of project totalling N40 million with the projects scheduled to be delivered within six months. NAN

Admin
Admin
Previous Post

Nigeria’s street forex market maintain stability as dollar trades at N360 in 9th consecutive survey

Next Post

China’s Sinochem Energy files for $2 billion Hong Kong IPO

Next Post

China's Sinochem Energy files for $2 billion Hong Kong IPO

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

BUA takes Nigeria’s agro-industrial ambition to global stage

BUA takes Nigeria’s agro-industrial ambition to global stage

February 27, 2026
IIF drives transition from gender advocacy to financial market implementation

IIF drives transition from gender advocacy to financial market implementation

February 27, 2026
FAAN unfolds details of N712.3bn upgrade plan for world-class MMIA 

MMIA fire: Ganduje laments equipment loss, lauds FAAN’s temporary terminal

February 26, 2026
M-KOPA reports 77% income utilisation rate from smartphone financing

M-KOPA reports 77% income utilisation rate from smartphone financing

February 26, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

BUA takes Nigeria’s agro-industrial ambition to global stage

BUA takes Nigeria’s agro-industrial ambition to global stage

February 27, 2026
IIF drives transition from gender advocacy to financial market implementation

IIF drives transition from gender advocacy to financial market implementation

February 27, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M