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.

Abubakar Baba     TIC     Ayo Opadokun     Jimoh Saadudeen Muhammed     Wahab Isa     Ajidagba     Kwarareports     Aliyu Adebayo     Joseph Alex Offorjama     Zulkifli Ibraheem     Kazeem Adekanye     General Tunde Idiagbon International Airport     Wole Oke     Sheriff Olanrewaju     Col. Taiwo     Goodluck Jonathan     Florence Saraki     Asiwaju Bola Tinubu     Hamidat Sulyman-Yusuf     Sola Saraki Educational Foundation     Iyabo Adewuyi     Yeketi     Ayoade Akinnibosun     Olatunde Oyeyiola     Olatunde Olukoya     Kayode Laro     Aso Ofi     Kayode Ishola     Mohammed Katsina Ahmed     Yusuf Ali     Towobola Abdulrahman Toyin     Iyabo Dupe Adekeye     Kupchi Hosea Maxwell     Funmilayo Isiaka Oniwa     College Of Arabic And Islamic Legal Studies     Muideen Olaniyi Alalade     Aliyu Umar     Alao Ayotunde     Kwara State University Of Education     Saadu Yusuf     07039448763     Egbewole     Ambassador Kayode Laro     Adamu Atta     National Association Of Nigerian Students     Oyeyemi Olasumbo Florence     Ekiti     Yusuf Abdulkadir     Ilesha-Baruba     Ayobami Akanbi     Fatai Garuba Labaka     Yahaya Abdulkareem     NITDA     Mustapha Olanipekun     Bola Magaji     Shururat Olatinwo     Galland Marcias     Allocation     IESA     Salihu Ajibola Ajia     Aishatu Ahmed Gobir     Durbar     Kwara Central     Olugbense     Okasanmi Ajayi     Chief Imam Of Offa     Noah Yusuf     PAACO-PCL Consortium     Federal Polytechnic Offa     Olupako Of Share     Rebecca Olanrewaju     Valsolar     Saidu Isa     Road Transport Employers Association Of Nigeria     Dar-Al-Handasah Consultants Ltd     Gani Saadu     Gafaru Olayiwola Olorisade    

Cloud Tag: What's trending

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

Aliyu Umar     Shehu Alimi Foundation For Peace And Development     Hakeem Idris     IF-K     Bibire Ajape     Gurei     Zulu Gambari     Alagbado     Ashiru     Abdulsalam Firdaous Amosa     Olokoba     Adedeji Onimago     TIIDELab     Sheriff Olanrewaju     Shaykh Luqman Jimoh     Ramat Oganija     Charcoal     Bashir Badawi     Kolade Solagberu     Sheikh Ridhwanullah     Offa Poly     Law School Scholarship     Ilorin West     Ishaq Salman     Taofeek Ibraheem     Olubukola Kifayat Adedeji     College Of Arabic And Islamic Legal Studies     Imam Gambari     Sheikh Hamzat Yusuf Ariyibi     Facebook     Okeose Christian Cementary     Saka Abimbola Isau     Alimi Abdulrazaq     Towobola Abdulrahman Toyin     Sambo Murtala     Umar Yakubu Jaja     ASKOMP     Shuaib Boni Aliyu     Ahmed Idris Mohammed     Bureau Of Lands     Abdulrasaq Alaro     Elerinjare-Ibobo     Adijat Adebiyi     Kwara State Television     Oko Erin     Oba Abdulrahim     Obasanjo     Federal Allocation     Okiki     Onilupeju Of Ilupeju     Abdulrahman Abdulrasak     Tunji Ajanaku     Salihu S. Yaru     Elekoyangan     Razak Atunwa     Abikan     Hussein Oloyede     Raymond Olaitan     Deji Ajani     NIRSAL     Bayer Nigeria Limited     Ajase-Ipo     Oloyede     Chief Imam Of Omu-Aran     Goodluck Jonathan     Www.Kwarareports.com     Road Transport Employers Association Of Nigeria     Illyasu Abdullahi     Arik     Salihu Jibril Garbi     Elese Of Igbaja     Alfa Modibbo Belgore     Abdulmutalib Shittu     Shuaib Olarongbe     Babajide Ajayi     Ganiyu Abolarin     Yomi Adeboye