The African Export-Import Bank (Afrexim) has earmarked a $200 million fund to support infrastructural development in Ogun State, its President and Chairman of the Board of Directors, Benedict Oramah, has 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 announced these when he led a delegate from the bank on a visit to Ogun State Governor Dapo Abiodun at his Oke-Mosan Office, Abeokuta, on Monday.
He said the bank would partner Ogun State 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 Afrexim Bank is also ready to collaborate with the state-owned Gateway Pharmaceuticals in a similar direction.
Abiodun noted that the Quality Assurance Testing Centre would complement the International Cargo Airport, adding his administration would continue to do all it can to make Ogun the destination of choice for investors.
He said his administration had in the last few months embarked on the construction of roads across the state, especially the Ijebu-Ode-Epe, Agbara-Lusada-Atan Roads, which according to him, are capital intensive, expressing his administration’s readiness to receive support from the bank.
