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Water Projects: Bayelsa Releases N422m Counterpart Fund

10:10 Jan 20 2017 Bayelsa, Nigeria

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The Bayelsa State Government has presented a cheque of N422 million as counterpart fund for joint N1.2 billion UNICEF, EU and World Bank water projects for 200 communities in the state.
Presenting the instrument to the representative of the three international bodies in Abuja, Governor Seriake Dickson said the figure represented 30 per cent of the total cost of the project.

He said “we have selected 200 communities in Bayelsa principally from two local government areas, so the EU, UNICEF and World Bank are contributing about N700 million.
“The state government is putting N422 million into the project, representing about 30 per cent of the cost.
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