Akwa Ibom Assembly approves Gov Emmanuel’s N7bn loan request

The Akwa Ibom House of Assembly has approved Gov. Udom Emmanuel’s request to obtain N7 billion loan facility for agricultural and housing projects in the state.

Akwa Ibom State governor, Udom Emmanuel [AKSG]

The governor in two separate messages forwarded to the house and read by the Speaker, Mr Aniekan Bassey, at plenary on Thursday, requested the house to authorise the state government to obtain N2 billion from the Central Bank of Nigeria (CBN) Commercial Agricultural Credit Scheme.

The governor also requested for N5 billion for the development of Housing Estates in the state.

The governor in his letter said the CBN Commercial Agricultural Credit Scheme would boost the cultivation of cocoa, coconut and maize in the state.

“The CBN Credit Scheme is considered a very good window for state governments and corporate bodies to access credits at relatively low interest rates at five per cent per annum to develop agriculture with its attendant advantages and benefits.”

The N5 billion would be sourced from the Family Home Funds to finance development of 650 affordable housing units for civil servants in the state at Ibiono Ibom and Itu Local Government Areas.

The Family Home Fund is an establishment of the Federal Government to spearhead development of housing estates in the country and provide funding to state government and other agencies of government for housing projects.

Also at plenary, the Akwa Ibom Information and Communication Technology Development Agency Bill, 2020 passed through the second reading and was committed to the House Committee on Science and Technology for in depth study and scrutiny.

The house also ordered an investigation into the impeachment of Mr Abasiama Etukakpan, Vice Chairman of Oruk Anam Local Government Council, following petitions received through its Committee on Judiciary, Human Rights and Public Petitions.

The house, however, adjourned its plenary to reconvene on July 27.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

COVID-19: Nigeria to receive 40m doses of vaccines by end of 2021 – Minister

FG meeting with ASUU successful – Ngige

Plateau killings: 17 dead, 85 buildings burnt – Police

COVID-19: Nigeria registers 11 additional deaths in 24 hours, 444 new infections

Strike: We get N5,000 hazard allowance while lawmakers receive 1.2m - Doctors

'Only candidates who got nomination forms for Osun APC ward congress were declared winners'

'36 federal universities are enough,' Lawmaker wants fewer universities in Nigeria

Gambari decorates newly promoted Police Officers at Presidential Villa

Lagos records 6 COVID-19 deaths daily in 1 week