- July 1, 2021
- Posted by: adminer
- Category: Funding trends
Ogun State has received $200 million from African Export-Import Bank (Afreximbank) for infrastructural development, the President of the Board of Directors of the AfreximBank, Mr Benedict Oramah, said.
The fund, according to the bank, will be dedicated towards projects and other developmental initiatives embarked upon by the incumbent administration in the state.
Oramah made this known when he led management of the bank on a courtesy visit to Governor Dapo Abiodun at his Oke-Mosan Office, Abeokuta, on Monday.
He equally said the bank would partner Ogun in ensuring that the 250-bed Specialist Hospital, Abeokuta, is completed and begins operations soon.
Oramah, while noting that the bank has been investing heavily in the health sector in Africa to develop vaccines and other drugs, declared that AfreximBank is also ready to collaborate with the state-owned Gateway Pharmaceuticals in similar direction.
“We are willing to dedicate an envelope of $200m for projects and initiatives here in Ogun State; we will also be happy to see the hospital project. We will be very pleased to look at this asset and see how we can partner with your government.
I assure you that we will consider the Gateway Pharmaceuticals in our plans to invest in the health sector,” he hinted.
The AfreximBank President, who added that the bank would be working with the state government in its quest to make its road infrastructure more accessible for investors, also said that the bank would be interested in the Cargo Airport being built by the state.