Taraba Govt Secures $268.63M Investment Approval For Major Development Projects
By Echo Express
The Taraba State Government has secured an investment approval of $268.63 million (over ₦400 billion, depending on prevailing exchange rates) from the ECOWAS Bank for Investment and Development (EBID) to finance key development projects across the state.
This is facilitated through the Taraba State Ministry of Energy and Economic Development to fund the development and implementation of a 10,000-hectare rice farm with irrigation facilities and a 16-tonne world-class Taraba State branded rice mill.
Others include an industrial park project with agro-processing and logistics clusters and a 50MW solar power plant.
The Taraba State Commissioner for Energy and Economic Development, Engr. Naomi Tanko Agbu, revealed that the initiative is the outcome of months of exhaustive consultations with stakeholders to align projects with the people’s vision of development, which centers on security, infrastructure, industrialization, and investments.
According to her, the administration of Governor Agbu Kefas has remained committed to addressing the underdevelopment met on assumption of office and has been working tirelessly to initiate transformational projects.
“These projects have come with tremendous sacrifices from the Governor, myself, the consultant, and all team members involved, despite the forces of naysayers who do not wish for the growth of our dear state,” Engr. Agbu stated.
The Commissioner therefore expressed appreciation to the President and Chairman of EBID’s Board of Directors, Dr. George Agyekum Donkor, members of the Board, and the EBID project team for their tireless work in ensuring the success of the deal.
Engr. Naomi Agbu called on the public to participate actively by offering recommendations, constructive criticism, and the required support.
“Our guiding principle is togetherness. Let us continue to build together and move forward under the leadership of His Excellency Dr. Agbu Kefas,”.
