Osun To Spend N48.73b On Ilesa Water, Sanitation Project

Osun To Spend N48.73b On Ilesa Water, Sanitation Project – Aregbesola

Governor Rauf Aregbesola of Osun State says his administration will spend N48.73 billion on the Ilesa water and sanitation project.

The governor said this in Ilesa on Monday at the launch of the project, tagged: “The biggest singular project in Osun since its creation.”

Aregbesola said a major part of the funds for the project, which is $65 million (about N23 billion), had been obtained from the Islamic Development Bank in Saudi Arabia.

He added that the loan had a repayment period of 25 years.

Aregbesola said the contractor handling the project, which was appointed by IDB, had given an assurance that the project would be completed within 24 months.

He expressed the hope that by December 2019, the water project, including the waterworks, would be fully operational.

He said three reservoirs, which had the capacity of producing 60 million litres of water per day, would be constructed in the course of the project.

Besides, Aregbesola said that the state government in 2015 paid N8.39 billion to the Federal Government for the completion of the Kajola Water Dam in Ilesa.

He added that the dam would be the main source of water supply to the reservoirs.

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