DELTA State House of Assembly, on Wednesday, approved a N14.16 billion Federal Government loan facility for the state.
The approval, which was sequel to a letter to the speaker of the house by Governor Ifeanyi Okowa was approved at a plenary session presided over by the Deputy Speaker, Honourable Friday Ossai Osanebi who read the governor’s letter to members.
The facility is a Federal Government arrangement to support states in meeting their obligations at this critical period of the nation’s history.
In the letter, the governor said: “the facility is to enable the state government bridge some critical funding gaps in connection with the financing of infrastructural development projects.”
The governor said that the facility would attract an interest of nine per cent with a moratorium of one year for 10-year tenure.
According to the governor, Delta State has met the conditions for the offer adding that the disbursement plan will entail the release of three tranches of N1.39 billion over a period of three months to be followed by N1.11 billion over nine months .
The cleric's appeal coincides with nationwide protests against hunger and bad governance, which have seen…
The leadership of the National Youth Council of Nigeria (NYCN) has resolved its lingering leadership…
The Federal Inland Revenue Service (FIRS), through its Taxpayer Services Department (TPSD), in collaboration with…
"The Chinese national has been detained and is undergoing interrogation. Once the investigation is concluded,…
He also disclosed that the programme included the training of mother units on noiler poultry…
I believe, however, that even from Adebayo’s statements, he, like most Nigerians, is more interested
This website uses cookies.