The Federal Executive Council has approved a $125 million loan from the Islamic Development Bank (IsDB) for the Abia State Integrated Infrastructure Development Project.
In a statement on Thursday, the Chief Press Secretary to Governor Alex Otti, Ukoha Ukoha, described the approval as a major milestone for a project that has undergone years of consultations and planning. The project, valued at $263.8 million, will be jointly funded by the IsDB ($125m), African Development Bank ($100m), Canada–Africa Development Bank ($15m), and Abia State Government ($23.8m).
The IsDB loan is critical to unlocking the co-financing structure, as agreements with AfDB and the Canada–Africa Development Bank have already been finalized.
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Under the plan, the funds will support the construction of 126 km of roads in Aba, 35.57 km in Umuahia, and a link road between the two cities, alongside major erosion control works.
When completed, the project is expected to cut travel time in key corridors, create over 3,000 jobs, curb greenhouse gas emissions, improve access to services, and attract private investment. It will be implemented by the State Ministry of Works under a Steering Committee’s supervision, following IsDB procurement guidelines.
Governor Otti thanked President Bola Tinubu, the National Assembly, Finance Minister Wale Edun, federal officials, and IsDB Vice President Dr. Mansur Muhktar for their roles in securing the loan. He said the project aligns with his administration’s vision to modernize Abia’s transport system, rejuvenate urban areas, and drive sustainable economic growth.
