Niger Delta
CRHA Okays Ayade’s N3.7bn Loans
The Cross River State
House of Assembly has approved the State Government’s request to obtain loans from two financial institutions to the tune of N3.7 billion to aid the deficit in payment of salaries and counterpart funding for sponsored social services in the state.
This was the outcome of the sitting held in the Legislative Chambers of the House and presided over by the Speaker, Rt. Hon. John Gaul Lebo.
Lebo directed the Clerk of the House, Barrister Bassey Ekpenyong, to communicate the resolution of the House to the Governor, Prof. Ben Ayade.
Earlier, correspondences from the office of the SSG read by the Clerk during the sitting indicate that the government intends to obtain a 2.5 billion naira overdraft from United Bank for Africa (UBA) for salary payment to State Workers and another N1,237,624,123.00 counterpart loan from ECOBANK for EU/WSSRP, FADAMA 1,11,111 and New Map services/projects.
Deliberating on the government’s request, the members unanimously agreed on the necessity of the requests, describing it as the only way out for the State in the face of dwindling resources and low economic down turn in the country occasioned by the fall in the price of crude oil.
The members also described the overdraft and counterpart funding request as a good transaction, urging the State Government to make judicious use of the funds to fulfill the Governor Ayade administration’s promise to pilot the ship of the State out of poverty.
The Chief Whip of the House, Hon. Okon Ephraim said that Governor Ayade was running a labour friendly administration in the State and drew the attention of the House to the recent protest by the Nigerian Labour Congress (NLC) in Imo State over failure of the state government to pay her workers and further retrenchment of over three thousand workers.
He added that in their presentation at the same protest the leadership of NLC singled out Cross River State Government under the administration of Prof. Ben Ayade as a labour friendly administration for her prompt payment of salaries and other entitlements to state workers.
According to the Calabar South 1 state constituency representative, Governor Ayade has paid state workers up to date and does not owe state workers even a dime.
“Even in January when most state were crying hardship, he paid on the 15th to enable civil servants pay school fees for their children, if he is seeking to borrow to help him bridge the financial gap for the purpose of payment of workers, it is good we support the executive’s good intentions”, he noted.
Other members also spoke in favour of the request, urging their colleagues to give it a speedy approval.
Motion for the adoption and approval of the request as request as resolutions of the House was moved by the House Leader Hon. Moses Ucheche and seconded by Hon. Elizabeth Ironbar, member representing Akpabuyo State Constituency.
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