News Column

Kwara Governor Seeks N206 Million Loan

January 22, 2014

Sikirat Shehu

Kwara State Governor Abdulfatah Ahmed has requested the state House of Assembly to approve a loan facility of N206million from a bank to enable him pay counterpart funding for Millennium Development Goals (MDG) projects in the state. The request was contained in a letter dated January 7, 2014 , and directed to Speaker of the House, Razak Atunwa. According to the letter, the decision to seek the loan was reached on Wednesday, September 11, 2013 , at the state executive council meeting. The facility has a tenure of 12 months with monthly repayment of principle and interest of the disposed amount. The request has been referred the House Committee on Finance and Appropriation for further action.

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Source: AllAfrica

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