Nigeria: FEC Approves U.S.$200 Million Loan for Fadama III Project

28 August 2013

The Federal Executive Council (FEC) approved for the country to borrow an interest free loan of $200 m from the International Development Agency to accelerate the Fadama III project across the country.

Minister of Information, Labaran Maku who disclosed this while briefing state house correspondents after the meeting said the council also approved that a draft bill to detect, prevent and control cyber-crime in Nigeria; as well as a contract for an integrity check on the Third Mainland Bridge.

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