Ogun Loan Bill Passes Second Reading, Three Lawmakers Defect to ACN
By Charles Coffie Gyamfi
THE Ogun State government’s moves to get a legal backing to obtain loans, promissory notes, bonds and other securities issuance got a boost yesterday as the Executive Bill sent to the House of Assembly passed through second reading without any dissenting voices.Legislators representing the two opposition parties, the People’s Democratic Party (PDP) and the People’s Party of Nigeria (PPN) agreed with the Action Congress of Nigeria (ACN), the ruling party, that for the government to improve the welfare of the people, it was inevitable that government obtains loan.
Source:http://www.ngrguardiannews.com
Posted by Amaka, 12 September 2012
Ogun Denies Plan to go For N100b Loan
BY CHARLES COFFIE GYAMFI
THE Ogun State government yesterday denied allegations that it had concluded plans to obtain a N100 billion loan from the stock market.The government also yesterday assured the people of the state that it would continue to run a transparent administration, insisting that it would spend every kobo of state funds in the general interest of the people.
Besides, to strengthen security in the state, the Ogun government has set up a joint police/military patrol in the state.
Source:http://www.ngrguardiannews.com
Posted by Amaka, 5 September 2012
Osun House Backs Oyinlola on N18.3b Loan, Says Witness
by TUNJI OMOFOYE
FORMER chairman, Committee on Appropriation, Osun State House of Assembly, Mr Femi Farounmbi yesterday told the commission of enquiry investigating major contracts and financial transactions by the immediate past administration in Osun State, that the controversial N18.38 billion credit facility obtained by the government was initiated and approved by the House of Assembly.However, the former Head of Service (HoS), Elder Segun Akinwusi at the resumed sitting yesterday, said he was not carried along when the government was planning to obtain the loan from one of the nation’s banks.
Source:http://www.ngrguardiannews.com
Posted by Amaka, 5 September 2012
Nigeria: World Bank Extends U.S.$200 Million Infrastructure Loan to Nigeria
By Abimbola Akosile
To help address the huge infrastructure deficit in Nigeria, the World Bank is poised to provide $200 million as a seed fund to set up a Financial Intermediary Loan (FIL) scheme under the Public Private Partnership (PPP) initiative. Head, Legal and Governance, Infrastructure Concession Regulatory Commission (ICRC), Mr. Joe Ohiani, disclosed this at the inaugural ESQ Project Finance Summit, held in Lagos, and stated that some other development finance organisations have also agreed to contribute to the scheme. Full story...
Source: http://allafrica.com
Posted by Ufuoma, 2 August 2012
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