Parliament

Bayelsa Assembly approves Diri’s N30bn loan request

The Bayelsa State House of Assembly on Wednesday approved a request by Governor Douye Diri to obtain another loan of N30 billion.

The request was contained in a letter forwarded to the legislative arm by Diri which was read on the floor of the House by the Clerk.

According to the letter, the loan will be used to fast-track the ongoing projects in the state.

The projects include the outer ring road, AIT/ Igbogene road, and other major projects in the state.

The News Agency of Nigeria (NAN) reports that part of the loan will also be used to kick-start the Nembe/Brass road which has been on the drawing board for many decades.

Speaking in favour of the loan, the Leader of the House Hon. Monday Obolo, representing Southern Ijaw Constituency 1, said that everybody in Bayelsa was aware of the number of projects that were ongoing in the state.

He urged the house to approve the loan in order to ensure inclusive development in the state.

Other speakers include Hon. Tonye Emmanuel Isenah of Kolokuma/Opokuma Constituency I, Hon Tare Porri of Ekeremor Constituency I, and Hon. Koku Oyal, among others.

The Speaker of the House, Rt. Hon. Abraham Ingobere, said the loan was for the development of the state and would cut across the three senatorial districts.

Ingobere described the governor as a prudent man, noting that he had judiciously used the state resources well.

READ ALSO: Bayelsa West: The truth about zoning

He said that he had no doubt that the governor would also use the money for the purpose it was meant for if the loan was approved.

“For Bayelsa state to be economically viable, we must take roads to the hinterlands and make sure the roads hit the sea. The money, if collected will not affect federal allocation into the state.

“Workers’ salary will not be affected; pensioners will get what is due to them at the end of the month.

“Nobody’s salary will be affected; hence we will support the loan and throw our weight behind the governor.

“The loan will be repaid through the expected money to the state deducted overtime by the Nigerian National Petroleum Corporation as part of 13 per cent derivation,” he said.

The 24-member House unanimously approved the loan request to be sourced through commercial banks or capital market through bond.

The Star

Segun Ojo

Recent Posts

Christmas: Let’s be instruments of peace, Uba Sani urges Christians

Kaduna State Governor Uba Sani has felicitated Christians in the state, urging them and other…

7 hours ago

Zenith Bank, Int’l Breweries, NNPC, Others Shine at 2024 SERAS Awards

It was a night of glitz, glamour and celebration at the 18th edition of the…

20 hours ago

Tinubu felicitates Christians on Christmas, says Nigeria on path of restoration

President Bola Tinubu has felicitated Christians on Christmas celebration in the country, saying the nation…

20 hours ago

Uba Sani inaugurates 12 road projects on Xmas Eve

Governor Uba Sani has inaugurated 12 asphaltic roads  within Kaduna metropolis on Tuesday, 10 months…

21 hours ago

Court sends oil magnate to prison for diverting $26m refinery fund

A Federal High Court sitting in Abuja has remanded the Founder and Chairman of Platform…

21 hours ago

Minister’s aide to MURIC: Wike not running FCTA based on religion

Lere Olayinka, Senior Special Assistant on Public Communications and New Media to the Federal Capital…

22 hours ago

This website uses cookies.