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N150bn Delta loan request tied to critical development projects…Speaker

Last updated: February 8, 2023 4:52 pm
3 years ago
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2 Min Read
DELTA 4

Speaker, Delta state House of Assembly and Governorship Candidate of the Peoples Democratic Party (PDP) in the forthcoming election Rt. Hon. Sheriff Oborevwori says the much talked about state government #150B loan request passed by the lawmakers is tied to some of the critical development projects in the state.

Oborevwori who made this clarification under “The Platform” designed for interaction between journalists and Candidates of political parties, organised by the Nigeria Union of Journalists (NUJ) Asaba said the #150B bridging finance was approved in April 2022.

Also Read: Fighting crime : Delta police arrest suspected fraud syndicate

Oborevwori said for record purposes, the state government under Governor Okowa never sought for any fresh loan but that the government this year decided to change the Lead Bank for the already approved facility to Praimus Trust Bank, a change that had to again pass through the state Assembly as demanded by law.

The PDP governorship candidate who commended Governor Okowa the Vice-presidential candidate of the PDP for his remarkable development of the three Senatorial districts of the state further explained that The loan facility shall be liquidated from the billions of monies owed the state by the federal government which was spread across five years repayment period.

Oborevwori lauded Governor Okowa for giving the NUJ a befitting Secretariat and promised to be governor for all Deltans irrespective of the ethnic, tribe, or religious leanings and most especially to place high premium on issues of women, youths and children as enshrined in his MORE Agenda if elected.

He backed up his promise to consolidate the existing cordial relationship between the union and the state government with an instant donation of two giant air conditioners and a power generator to the new NUJ Secretariat built by Governor Okowa-led administration.

Editor: Ena Agbanoma

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