Rivers State House of Assembly has approved the request made by Governor Nyesom Wike to secure a N10 billion loan from Zenith Bank.
Governor's request to borrow N10b from Zenith Bank approved
According to the letter, the fund is meant for rehabilitation of roads and some other projects within the governor’s first 100 days in office.
Governor Nyesom Wike of Rivers State
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The House Speaker, Ikuinyi Ibani, read out the letter of request during the sitting of the House on Thursday, June 11.
House Leader, Martins Amewhule and others who spoke before the issue was voted on, lauded the governor for attaching details of the proposed projects to his letter.
On his part, member representing Ogu/Bolo constituency, Evans Bipi, while lending support to the governor to go ahead, said the proposed N10 billion loan is an indication that the governor will be very diligent with public funds.
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“The money is small but it shows that our governor will be diligent with public funds,” he said.
All the 28 lawmakers present gave their support to the governor to go ahead.
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