The Infrastructure Bank Plc has raised N50 billion as first tranche of the proposed N167 billion funding for the rehabilitation of the Lagos-Ibadan dual carriageway.
Managing Director of the bank, Adekunle Oyinloye made this known at the official signing of a Memorandum of Understanding, MoU, with four commercial banks, yesterday, in Lagos. The banks are Access Bank, Ecobank, Diamond Bank and Standard Chartered Bank Plc.
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