VerseNews Nigeria

Abia Governor, Ikpeazu Secures $50m Fund For Road Construction

The outgoing Abia State Governor, Okezie Ikpeazu of Abia State has secured a $50 million fund that will facilitate the construction of 500 kilometres of roads in the state by the incoming administration.

VerseNews Nigeria reports that Ikpeazu while addressing journalists on Thursday, April 13 at the Governor’s Lodge in Aba said that the decision to secure the funds for the state was informed by his commitment and resolve to leave Abia better than he met it.

He noted that with the fund, Abia is on its way to record massive road construction to boost the infrastructural development of the state.

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

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

Ikpeazu said that he adopted a multifaceted approach to the development of the state adding that his administration had 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 the challenges of leadership were not in conceptualising ideas but in connecting and channelling them into an agenda to create a better life for the people of the state.

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

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