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AFRIJAPAN: Plateau State To Access $300m Loan

AFRIJAPAN: Plateau State To Access $300m Loan

2 September 2019 National News News


The Plateau State Government is to access Three Hundred Million Dollars from AFRIJAPAN to finance key projects that will have direct impact on the people of the State, particularly those in Rural Areas.

The Governor of the State, Simon Lalong disclosed this at the Tokyo International Conference on African Development in Yakohoma, Japan where he attended one of the side events of the conference, Grassroots Initiative Fostering Tangible Change in Livelihoods in West Africa.

AFRIJAPAN: Plateau State To Access $300m Loan

Gov. Lalong who was delighted on the development, assured that his Administration will swing into action immediately towards meeting all the necessary requirements.

“It will facilitate the funding of many critical projects especially the Legacy Projects located in all parts of the State,

“I am happy to learn that the funds are given under a 3-year moritorium with repayment period of 15 years in the first instance,” he said.

At the plenary Session dedicated to the Public-Private Business Dialogue between the public and private sectors from Japan and Africa, Governor Simon Lalong used the opportunity to market the investment potentials of Plateau State.

He highlighted the areas of Agriculture, Tourism, Solid Minerals, lnnovation and Skills Development, Energy as well as Transportation.

The Governor also held talks with Mrs. Rose Oyedele of AFRIJAPAN who said the mandate of the Organisation is to assist Countries and States to source funds for improving the livelihoods of rural dwellers.

It was made known to Radio Nigeria that Lalong is part of Nigerian Governor’s Forum delegation attending the Japan-Africa Business EXPO and Fair in Yakohoma Japan.

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