Close Menu
    What's Hot

    Naira Gains as Hydrocarbon Sales Proceeds Boost FX Reserves

    June 1, 2026

    Nigerian Exchange Shrinks as Equities Investors Lose N1.8trn

    June 1, 2026

    Iran Announces Suspension of Peace Talks with U.S.

    June 1, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Monday, June 1
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Kaduna to Invest N93bn in Water Sector Rehabilitation
    News

    Kaduna to Invest N93bn in Water Sector Rehabilitation

    Julius AlagbeBy Julius AlagbeNovember 6, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Kaduna to Invest N93bn in Water Sector Rehabilitation
    Uba Sani, Kaduna State Governor
    Share
    Facebook Twitter Pinterest Email Copy Link

    Kaduna to Invest N93bn in Water Sector Rehabilitation

    The Kaduna State Government says it will invest N93 billion to overhaul the state’s water sector within the next four years.

    The Commissioner for Public Works and Infrastructure, Alhaji Ibrahim Hamza, disclosed this at a press conference on Wednesday in Kaduna.

    Hamza said the action was necessary in view of neglect of the sector for more than a decade.

    He said N17 billion would be allocated this year, N35 billion in 2025, N30 billion in 2026 and N11 billion in 2027.

    The commissioner further explained that the government’s investment would target the rehabilitation of water treatment plants and distribution networks as well as sanitation and hygiene.

    According to him, previous administrations have invested $50 million in urban water supply but capacity utilisation drop from 43 per cent in 2017 to eight per cent in 2023.

    “This reforms to enhancing water service delivery is working closely with local government areas to ensure efficient generation, maintenance and reinforcement of water laws,’’ he said.

    He, however, said that the state government has approved the recovery of N5.74 billion in counterpart funding for Zaria 150 MLD water project in line with national and state water policies.

    “Gov. Uba Sani has also authorised the payment of N800 million outstanding salaries and wages to employees of the Kaduna State Water Corporation (KADSWAC),’’ the commissioner said.

    Hamza added that the KADSWAC staff would be reintegrated into the state payroll up to 2027 when the corporation stabilise and operate as a self-sustaining entity.

    “Also, the sales of KADSWAC quarters and facilities has been suspended to maintain public ownership of essential infrastructure,’’ he said #Kaduna to Invest N93bn in Water Sector Rehabilitation#

    Kaduna State
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Julius Alagbe
    • Website
    • LinkedIn

    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.

    Related Posts

    News

    Naira Gains as Hydrocarbon Sales Proceeds Boost FX Reserves

    June 1, 2026
    News

    Nigerian Exchange Shrinks as Equities Investors Lose N1.8trn

    June 1, 2026
    News

    Iran Announces Suspension of Peace Talks with U.S.

    June 1, 2026
    Global Market

    Canadian Banks Report Mixed Results in Q2 -Fitch

    June 1, 2026
    News

    Bitcoin Dives as Saylor Breaks Promise Not to Sell BTC

    June 1, 2026
    News

    XRP Falls to $1.28, Ripple Executes Escrow Release

    June 1, 2026
    Add A Comment

    Comments are closed.

    Editors Picks

    Naira Gains as Hydrocarbon Sales Proceeds Boost FX Reserves

    June 1, 2026

    Nigerian Exchange Shrinks as Equities Investors Lose N1.8trn

    June 1, 2026

    Iran Announces Suspension of Peace Talks with U.S.

    June 1, 2026

    Canadian Banks Report Mixed Results in Q2 -Fitch

    June 1, 2026
    Latest Posts

    Naira Gains as Hydrocarbon Sales Proceeds Boost FX Reserves

    June 1, 2026

    Nigerian Exchange Shrinks as Equities Investors Lose N1.8trn

    June 1, 2026

    Iran Announces Suspension of Peace Talks with U.S.

    June 1, 2026

    Canadian Banks Report Mixed Results in Q2 -Fitch

    June 1, 2026

    Bitcoin Dives as Saylor Breaks Promise Not to Sell BTC

    June 1, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    Naira Gains as Hydrocarbon Sales Proceeds Boost FX Reserves

    June 1, 2026

    Nigerian Exchange Shrinks as Equities Investors Lose N1.8trn

    June 1, 2026

    Iran Announces Suspension of Peace Talks with U.S.

    June 1, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.