IDB has approved N58 billion loan to Niger State government to dualize Minna-Bida road and integrate Quaranic and Western education in the state.

Alhaji Muazu Bawa, the state commissioner for Works and Infrastructural Development disclosed this on Thursday during a press briefing at the Government House, Minna.

“Since three years ago we have been discoursing with IDB on how to secure loan for the dualization of Minna-Bida road and integration of Quaranic and Western education in the state.

“After the submission of our proposals, the bank approved N38 billion and N19 billion respectively for the dualization of Minna-Bida road and integration of Quranic and Western education,” he said.

Bawa said the state government and IDB would finalize agreement on how to disburse the loan next month.

He explained that the loans are payable in 25 years, adding that the bank asked for detailed feasibility study of the road before the signing of agreement.

The commissioner said the state government has fully paid the N6 billion bonds it collected in 2012 for road projects in the state.