16.5 C
New York
Thursday, June 1, 2023

Ikpeazu announces $50m fund for road construction as parting gift

- Advertisement -

Abia State Governor Okezie Ikpeazu has announced a $50 million facility fund for the construction of 500 kilometres of roads in the state. This is part of his parting gift to the state ahead of his May 29 exit from office after serving two terms. The governor stated this during an interaction with newsmen, noting that the fund has a repayment period of 20 years, with 10 years as a moratorium, and an interest rate of 0.006 per cent, which his administration negotiated and perfected.

Ikpeazu said that his administration had laid a solid foundation for successive governments to build upon. He also highlighted some of his administration’s achievements, including the reconstruction of the Faulks Road, Aba, and the remodelled three blocks in A-line of Ariaria International Market. He also talked about the Enyimba Economic City project, which he sees as one of his signature conceptions, stating that it would provide over 600,000 jobs for youths over a 10-year period when completed.

The governor stated that he adopted a multifaceted approach to the development of the state, adding that the challenges of leadership are not in conceptualising ideas but in connecting and channelling them into an agenda to create a better life for the people of the state.

Despite losing his bid for the Abia South senatorial seat, Ikpeazu remained optimistic about leaving the state better than he met it in 2015 when he took over the leadership. He also advised against post-election litigation against the governor-elect, Alex Otti, commending his stewardship, relationship style and disposition to issues.

Governor Ikpeazu’s announcement of the $50m fund is a significant development for Abia State, as it would contribute immensely to the construction of more roads in the state. It is also a testament to his commitment to leaving a lasting legacy for the people of the state

Related Articles

- Advertisement -
- Advertisement -spot_img

Latest Articles