The Chairman, Senate Committee on Water Resources, Ubale Shittu, says the Federal Government has accessed a $67 million World Bank loan to rehabilitate Hadejia Valley Dam in Jigawa State.
He told the News Agency of Nigeria that $60 million would be used to rehabilitate and expand the dam by 1000 hectares.
And the remaining $7 million spent on dredging of the River from Tiga Dam in Kano State to Koli in Jigawa State.
Menawhile, the International Monetary Fund is projecting a positive economic outlook for Nigeria as the nation's Gross Domestic Product is expected to grow at 0.8 percent within the year 2017 and 2.3 percent in 2018.
Security improvements in crude oil production has been cited as a major factor to propel the nation's recovery out of the economic recession.
However, some financial analysts are reacting to the projection.