Niger Delta
Delta Assembly Approves Okowa’s Request For N500m Loan
Delta State House of As
sembly has approved Governor Ifeanyi Okowa’s request to borrow N500 million from Fidelity Bank Plc to finance climate change projects.
Majority Leader, Mr Tim Owhefere, moved the motion to empower the governor to borrow the money and was seconded by Mr Timi Tonye, representing Patani Constituency.
The request is contained in a letter read by the Speaker, Chief Monday Igbuya, during plenary session.
Okowo said the loan would enable the state pay its counterpart contribution in order to access World Bank ecological fund.
The governor said that the state approached the World Bank to access its ecological fund.
“It is my pleasure to inform the House that the World Bank has expressed its willingness to grant the state access to the World Bank Ecological Fund for the execution of special climate change and various ecology projects.
“Consequently, the state government intends to obtain a N500 million term loan facility from Fidelity Bank Plc to meet its counterpart contribution required to access the fund.
“And Fidelity Bank has also indicated its readiness to offer to the state, the loan facility.
“And to access the loan, is however, based on the pricing and conditions, and one of such conditions is the resolution of the State House of Assembly granting approval for the loan,’’ he said.
Okowa also said that the State Executive Council had also approved the request during its meeting held on February 16.
He appealed to the House to facilitate the approval of the loan to enable the state access the grants as soon as possible.
Niger Delta
Oborevwori Launches Medical Outreach For Children With Special Needs
Niger Delta
UniCal Commits To Nursing Education Dev In C’River
Niger Delta
Agency Demolishes Illegal Roadside Structures In Delta N8 by … Clears Street Traders
-
Sports3 days ago2026 WC: Nigeria, DR Congo Awaits FIFA Verdict Today
-
Environment3 days agoOxfam, partners celebrate 5 years of climate governance programmes in Nigeria
-
Politics3 days ago
ADC, PDP, LP Missing As INEC Set For By- Elections In Rivers
-
Politics3 days ago
FG’s Economic Policies Not Working – APC Chieftain
-
Politics3 days ago2027: Diri Unveils RHA LG Coordinators, APC Congress Panel
-
Politics3 days agoReps To Meet,’Morrow Over INEC’s 2027 Election Timetable
-
Politics3 days agoGroup Continues Push For Real Time Election Results Transmission
-
Sports3 days ago
Sunderland Overcome Oxford Challenge
