{"id":66195,"date":"2022-11-02T11:25:41","date_gmt":"2022-11-02T10:25:41","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=66195"},"modified":"2022-11-02T11:25:41","modified_gmt":"2022-11-02T10:25:41","slug":"niger-assembly-grants-n14billion-loan-for-the-state-government-to-finance-selected-projects-to-completion","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/niger-assembly-grants-n14billion-loan-for-the-state-government-to-finance-selected-projects-to-completion\/","title":{"rendered":"Niger Assembly Grants N14billion Loan For The State Government To Finance Selected Projects To Completion"},"content":{"rendered":"
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Olabode Adaramola<\/p>\n
\nNiger State House of Assembly has\u00a0 granted\u00a0 an approval to a loan of N14 Billion\u00a0 for the State Government to finance some selected projects to completion.<\/p>\n

The approval of the letter sent by the State Governor,Alhaji\u00a0 Abubakar Sani Bello and read during the plenary by the Speaker of the House, Barrister\u00a0 Abdullahi Bawa Wuse before the governor’s presentation of the 2023 Appropriation Bill at the assembly complex on Tuesday in Minna.<\/p>\n

The Governor in the letter explained that the state was desirous of accessing the loan facility in order to bridge the funding gap created by the short -falls in the monthly cash flows from the Federation Accounts Allocation Committee.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

According to the letter, it stipulated a tenor of 60 months of exposure that translates to a manageable payment cost hence the facility was structured to ease it’s securement with comfort for repayment.<\/p>\n

However, the State Legislatrure\u00a0 unanimously approved the loan which would be obtained through Fidelity Bank Plc without referring to the relevant committee of the house for deliberations.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/p>","protected":false},"excerpt":{"rendered":"

Niger State House of Assembly has\u00a0 granted\u00a0 an approval to a loan of N14 Billion\u00a0 for the State Government to finance some selected projects to completion.<\/p>\n","protected":false},"author":6,"featured_media":45899,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17,624],"tags":[772],"coauthors":[2391],"class_list":["post-66195","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","category-politics","tag-niger-state"],"yoast_head":"\nNiger Assembly Grants N14billion Loan For The State Government To Finance Selected Projects To Completion - National Wire<\/title>\n<meta name=\"description\" content=\"Niger State House of Assembly has\u00a0 granted\u00a0 an approval to a loan of N14 Billion\u00a0 for the State Government to finance some selected\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/niger-assembly-grants-n14billion-loan-for-the-state-government-to-finance-selected-projects-to-completion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Niger Assembly Grants N14billion Loan For The State Government To Finance Selected Projects To Completion - 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