Kwara Assembly okays N1.3b loan

Date: 2016-07-13

The Kwara State House of Assembly has granted the government’s request to access the N1.3 billion Federal Government Budget Support Facility (BSF) loan.

With the approval, the government will be able to access the loan whenever there is a shortfall in its monthly allocation.

The approval came after the Speaker, Ali Ahmad, read Governor Abdulfatah Ahmed's request at an emergency plenary. The loan, according to the governor’s message, will be disbursed in three tranches.

"This facility, when accessed, will give Kwara a sigh of relief in the implementation of its policies and programmes," the message said. The House also approved the state's request to access a N973 million loan from Skye Bank Plc.

The loan, the governor said, would be used to finance State Universal Basic Education Board (SUBEB) counterpart fund to enable the state access the 2014 Universal Basic Education Matching Grant from the Federal Government.

The facility, he said, had ta enure of 12 months with 22 per cent interest rate per annum, and is secured with an irrevocable standing payment order.

Governor Ahmed added that payment of workers would be a priority whenever the fund was accessed.

Source

 


Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Gbemisola Saraki     Saidu Kawu     Bayo Mohammed Onimode     Ileloke     Baruten     Kale Belgore     Bukola Ajikobi     Aro Yahaya     Solomon Edoja     KWSIEC     Lithium Deposit     Umar Yakubu Jaja     Tunde Saad     Trader Moni     Michael Nzekwe     Saliu Tunde Bello     Sodiya     NSCIA     Lawal Jimoh     Ahmad Olanrewaju Belgore     Yoruba     Funke Adedoyin     Akanbi-Oke     Balogun Gambari     Ahmad Belgore     Al-Hikmah Radio     Wahab Kunle Shittu     Surajudeen Akanbi     Joana Nnazua Kolo     Owode Market     Orisun Igbomina     Olupako Of Share     Micheal Imodu-Ganmo Road     Ayegbeni     Yusuf Abubakar     Muhammad Fawaz Abubakar     Harrison Osauwagboe     University Road     Quran     Hussein Oloyede     Yahaya Jibril Usman     Dar-Al-Handasah Consultants Ltd     Ilorin West/Asa Federal Constituency     Jumoke Gafar     Moshood Mustapha     Mustapha Olanipekun     QuickWin     Anilelerin     Oloruntoyosi Thomas     Vasolar     Ajike People Support Centre     Okedare     Saadu Alanamu     Chief Imam Of Lafiagi     Issa Manzuma     Budo-Egba     Kale Bayero     Fola Consultant     Amina Susa\'a De Ahmed     Femtech     Kwarareports     Iliasu     Abubakar Kawu Baraje     Ibrahim Issa Jetti     Tunde Mukaila Mustapha     Afonja Descendants Union     HICA     David Oyedepo     Abdulmumini Jawondo     TIC     Emmanuel Bello     Bolaji Abdullahi     Taofik Abiodun Ahmed     Saraki     Shero     Adeleke Ogungbe     Usman Yunusa    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

NYSC     Leke Ogungbe     Hassan Abdulazeez Elewu     Shehu Alimi Foundation     Moses Adekanye     Benin Republic     Nnazua     Oloriegbe     Abdulwahab Olarewaju Issa     Muhammed Taofeeq Abdulrazaq     IESA     Saka Balikis Kehinde     Ilesha-Baruba-Gwanara     Chief Of Staff     Abraham Ojo     Razaq Ayobami Akanbi     Ayodele Olaosebikan     NIPR     Revenue Court     Cornelius Adebayo     Ilorin Water Reticulation     Sheikh Ariyibi     Cassava Growers\' Association     Abubakar Abdullahi Bata     Kola Ologbondiyan     John Obuh     Kola Olota     Abdulmumini AbdulRazaq     Ibrahim Bio     Mohammed Tunde-Jimoh     Barakat Community Secondary School     Akom Construction And Engineering Synergy Ltd     Adekunle David Dunmade     Alliance For Democracy     Mahfouz Adedimeji     Ayodele Kuburat Olaosebikan     Kwara-SAPZ Project     Eleja     Habeeb Abdullahi Al-Ilory     Yaman     Abdulrauf Aliyu     Mutawali Of Ilorin     Muhammad Ghali Alaaya     Sango-UITH Road     CBT     Chief Imam Of Lafiagi     Kwara State Branch Of The National Library     Olatunde Olukoya     Omotosho     Oke-opin     Freshvine Nigeria Limited     Titus Suberu-Ajibola     Saka Isau     Dapo Teni Nig Enterprise     Baakini     Oba Abdulkadir La\'aro     Bankole Omisore     Ilorin Curfew     Alloy Chukwuemeka     Veterinary Teaching Hospital     IQRA College     Ado Ibrahim     Micheal Imodu-Ganmo Road     Tosho Yaqub     Susan Modupe Oluwole     KWASIEC     Tunde Akanbi     Minister     Ajakaye     Kwara Muslim Pilgrims Welfare Board     Shaaba Lafiagi     Kwara State Pension Board     Musa Aibinu     Opobiyi     Ghali Alaaya     Alfa Belgore     Ahmad Belgore