The Enugu State Government in south-eastern Nigeria has received a credit line of $40 million from the Export/Import Bank of India.
The Governor of Enugu State, Mr. Sullivan Chime, said on Wednesday in Enugu during the 2010 budget presentation to the State House of Assembly, that the fund would be used for electricity projects in 96 communities in the state.
According to him, the loan will be used to build new electricity projects in 49 communities that previously enjoyed none and extend existing networks in another 47 communities.
Chime said that N5.23 billion (US$34 million) would be spent on rural electrification as part of measures to boost industrialization and enhance socio-economic development in the state.
On agriculture, Chime said that in order to make the state self-reliant in food production, N992 million (about $6.6 million) was allocated to the sector, with emphasis on agricultural inputs and mechanized farming.
“It will also involve the rehabilitation of existing community farms and the designation of new ones across the 17 local government areas.
“With this bold step, the government will address the perennial problem of low utilization of farmlands and encourage communities to produce food and cash crops where they have comparative advantage,” Chime said.
Source African Press Agency
