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    MarketForces Africa » MarketForces News » Ebonyi Spends N17.3bn on Airport Runway

    Ebonyi Spends N17.3bn on Airport Runway

    Julius AlagbeBy Julius AlagbeMay 30, 2024 News No Comments2 Mins Read
    Ebonyi Spends N17.3bn on Airport Runway
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    Ebonyi Spends N17.3bn on Airport Runway

    Ebonyi government on Wednesday said it spent N17.3 billion on remedial work at the Chuba Okadigbo International Airport runway in Abakaliki.

    Gov. Francis Nwifuru said this in Abakaliki on the occasion of his one anniversary in Abakaliki.

    Nwifuru said on assumption of office his administration cleared the backlog arrears of five months salaries owed airport workers.

    “The remedial work at the Chuba Okadigbo International Airport runway has been completed.

    “N17.3 billion was spent, while major repairs in the terminal building and control tower have commenced in earnest and in advanced stage.

    “To this end, flight operations will commence fully at the airport,” the governor said.

    Nwifuru said his administration had taken deliberate steps to improve the security architecture of the state within his one year in office.

    He said that security was very central to any development effort and successful implementation of his administration’s programmes and policies.

    The governor said his administration had also completed some roads in this first year in the office.

    “This is further to our determination to grow our rural economies by ensuring agro-allied produces are transported to the urban centres,” he said.

    Nwifuru listed some of the rural roads started and completed to include, Umuoghara Power Station road, Legacy FM road on concrete pavement and Obvuduechi market-lziogo road.

    According to the governor, his administration was focused on creating enabling environment for a public-private sector partnership, which he said was critical to the economic growth of the state. #Ebonyi Spends N17.3bn on Airport Runway

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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