Niger Secures $150m Loan For 100MW Solar Power Project
The Niger government has attracted 150 million United States Dollars (USD) from the Islamic Development Bank (IsDB) for a 100MW solar project in the state.
The Chairman, New Niger Development Project (NNDP), Alhaji Mustapha Abubakar Bida, disclosed this at the second edition of the quarterly media briefing organised by the Ministry of Information and Orientation.
Bida said the project will cost 160 million dollars and that the state government will provide 10 million USD as a counterpart fund.
Alhaji Abubakar Bida also revealed that the loan was secured following the state government’s effective management of the Minna-Bida road project.
He said the project, which will be situated in Maikunkele, will provide great value to the people and will also comprise social intervention components.
According to him, “This project will create direct and indirect jobs and will bring many other benefits.”
