DELTA ASSEMBLY APPROVES GOVERNOR OKOWA’S REQUEST OF SIX HUNDRED MILLION NAIRA COUNTERPART FUNDING

THE DELTA STATE HOUSE OF ASSEMBLY ON TUESDAY, APRIL 10, 2018 APPROVED THE REQUEST OF THE STATE GOVERNOR, SENATOR (DR) IFEANYI OKOWA OF #600, OOO,OOO.OO (SIX HUNDRED MILLION NAIRA) TERM LOAN FACILITY FROM FIDELITY BANK PLC TO ENABLE THE STATE GOVERNMENT MEET IT’S 50% COUNTERPART CONTRIBUTION REQUIRED TO ACCESS THE 2017 SUSTAINABLE DEVELOPMENT GOALS (SDG) COUNTERPART FUND FROM THE FEDERAL GOVERNMENT AND A BANK GUARANTEE OF #600,000,000.00 (SIX MILLION NAIRA) REQUIRED TO SECURE THE FEDERAL GOVERNMENT’S CONTRIBUTION.

THE REQUEST LETTER FROM THE GOVERNOR WAS READ BY THE SPEAKER, RT HON SHERIFF OBOREVWORI ON TUESDAY AT PLENARY. THE REQUEST WAS APPROVED AFTER A DEBATE ON IT BY LAWMAKERS.