Photos: Vice president, Yemi Osinbajo seeks NASS approval for $1.49bn loan for 10 states | Welcome to Linda Ikeji's Blog

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Tuesday, 6 June 2017

Photos: Vice president, Yemi Osinbajo seeks NASS approval for $1.49bn loan for 10 states

 Vice President, Yemi Osinbajo has written to the National Assembly seeking approval for foreign loan requests of about $1.49 billion to ten states of the federation for crucial infrastructural projects.

The letters were read by the Senate President Bukola Saraki and Speaker of the House of Representatives at Tuesday's plenary.
The ten states seeking for the loan include Ogun, Ebonyi, Kaduna, Kano, Abia, Katsina, Jigawa, Enugu, Plateau and Ondo states. According to the state governors, the loan would be used in the provision of water, health, agriculture and infrastructural development.

Osinbajo's letter states that the funding is to be sourced from the African Development Bank, French Development Agency, World Bank and slamic Development Bank at low interest rates hence the request for approval to enable the ten states to seek for external financing of the critical projects.




Photo credit: Sumner Shagari Sambo

12 comments:

confidence essien said...

Why this man face resemble monkey in this picture....#justsaying#

CHERYL (aka FROM GLORY to GLORY) said...

Hope this isn't another waste of time cos am sure states will end up looting the money instead of using it for the main purpose


Long live LIB

Anonymous said...

Thief tinubu puppet

Okowright Balaxy said...

The foolish and clueless APC government will mortgage the future of Nigeria before leaving office. Idiots

Vivian Reginalds said...

as if the funds won't be diverted again!
-D great anonymous now as Vivian Reginalds

Anonymous said...

What happened to all the billions of dollars they recovered from previous thief????

Rolland Lee said...

How much do Federal Government pay the senators and house of
Assembly members, am sure each of the senators go with 25m naira monthly so tell me why the loan when each individual can cataway with more than 25m every month not housing and clothing allowance , Nigeria your case remain dsame now you need loan , soon you will sale the country and the land then we start again .

Anonymous said...

Pls this money should not be use for different business. Because d ten state are so lucky, but what happened to other state ?

Anonymous said...

Na wa...not like they are borrowing to invest on something that will bring a return. How will they pay back?

austin uzoma said...

Is so funny that these governor want to keep borrowing to enrich themselves and the citizens pay dearly for it. They can't pay for salary of their civil servants, retirees has not received their retirement benefits, no promotion, no leave allowance and still they want to borrow to keep fooling us. How many of them can give a good account of their Stewardship. Today, they will tell us that they are fighting corruption whereas they are the one encouraging it. Buhari APC government agency on propaganda will advertise it on every local newspaper's that the corruption war is being defeated for the people to believed them. The Senate should by Grace of God Almighty don't give their approval over such.

Anonymous said...

I hope that they are not looking for miss to distribute money among themselves there and after they will said that they have give it to those states mentioned, Nigeria be careful. Where is the president buhari is he not in the sit again, president see u are fighting corruption while many are eating the money somewhere else, if Nigeria is not careful the next thing we will hear is that Nigeria has been sale to one country like that that's when ur eyes will opened.

Anonymous said...

I hope the money will be judistiously used by the states. The Nigerian government should do a follow up on how the money is spent. In two years time the govenors of each state should give a report on the investment made and how it's helped the masses that resides there. If the governors can't give account. They should be jailed for life. Period!

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