By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AIT LIVEAIT LIVEAIT LIVE
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Font ResizerAa
Font ResizerAa
AIT LIVEAIT LIVE
Search AIT
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Follow US

N150bn Delta loan request tied to critical development projects…Speaker

Last updated: February 8, 2023 4:52 pm
3 years ago
Share
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

Share This Article
Facebook Twitter Whatsapp Whatsapp Email Print

RSS APO Group – Africa-Newsroom: latest news releases related to Africa

  • Affluenz Sept/Oct 2025 Explores Sanwo-Olu’s Cultural Renaissance in Lagos and the Saudi Crown Prince’s Bold NEOM Project October 6, 2025
  • Technip Energies Named Service Provider of the Year at African Energy Week (AEW) 2025 October 6, 2025
  • Woodside Energy Honored as International Local Content Champion at African Energy Week (AEW) 2025 October 6, 2025
  • Levene Energy Wins Local Content Champion Award at African Energy Week (AEW) 2025 October 6, 2025
  • International Islamic Trade Finance Corporation (ITFC) and the Republic of Djibouti Sign US$90 Million Financing Agreement October 6, 2025

Trending

aitlive 9
Breaking: INEC admits glitch in results transmission as Court Reserves Judgement In Atiku’s Petition Against Tinubu, electoral body
2023 Elections Headlines
aitlive 1 19 1
Nigeria Air: MD Confirms Unveiled Aircraft Was Hired Ethiopia Flight
Local
LABOUR PARTY
Breaking: LP And Presidential Candidate, Peter Obi, Get Court Permission To Inspect Forensic Materials
2023 Elections
AIT-IMAGES - US House Republicans
US House Republicans authorize Biden impeachment inquiry
World
PETER OBI
Drama in court as judges order Peter Obi’s legal team to go home
Headlines

Section

  • Headlines
  • Local
  • Business
  • Politics
  • Sports
  • Crime
  • Education
  • Health
  • Entertainment

Programmes

  • Kakaaki
  • Focus Nigeria
  • Democracy Today
  • People Politics and Power
  • News Hour
  • AIT Reports
  • World News
  • Moneyline With Nancy
  • Jigsaw

About Us

  • About AIT
  • Our History
  • Our Awards
  • Our Values
  • Privacy Policy


Follow US
© AIT.LIVE. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

THE MOST IMPORTANT NEWS HEADLINE AND EVENT OF THE DAY

Subscribe to our mailing list to receive daily news update direct in your inbox!

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?