NASS Has Approved Our N36bn Loan Request – Kogi Govt
The Kogi State Government said it has received the approval of the National Assembly to obtain a loan of $ 100 million ( N 36 billion) from the African Development Bank .
The state Commissioner for Information and Communication, Kingsley Fanwo, made this known in Lokoja on Thursday .
Àccording to him, the state needs the loan to establish a food processing zone and to modernise its agricultural processes .
He said, “ The request has been approved by the National Assembly . The project is expected to create over two million direct and indirect jobs .
“ The proposed Kogi Staple Crops Zone and Agricultural Modernisation Project are set to position Kogi State and indeed Nigeria as the food corridor of Africa and an industrial hub . It is aimed at making the state the food corridor of Africa and to also make the nation ’ s biofuel plan a reality .”
( NAN )