Save Austin Fair Yudala banner
Buhari seeks Senate approval for $75 million loan for Edo State

By News Express on 05/08/2015

Share on facebook Yahoo mail icon Gmail icon

Views: 1,814


The Senate on Tuesday received a letter from President Muhammadu Buhari seeking approval for a 75 million dollar (N14.7 billion) loan from the World Bank for Edo State.

The letter, read by President of the Senate, Bukola Saraki, stated that the loan was the second tranche of a sum of 225 million dollars already approved by the bank.

It stated that the first tranche of 75 million was approved by the 7th Senate in 2012.

In the letter, the President explained that the fund was for Development Policy Operation (DPO), a project meant to be completed in three tranches in the state.

“The DPO has since been successfully implemented by the state in 2014. Following this success, the bank's board of executive directors approved the second tranche in April.

“The DPO too was captured in the Federal Government External Borrowing Plan of 2014/2017, which is pending with the National Assembly.”

He said that reports from the state indicated that the programme was already yielding results in terms of private sector investment, increased revenue and employment opportunities. (NAN)

Source News Express

Posted 05/08/2015 03:53:55 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
MTN’s empowerment scheme flops

Oil marketers suspend strike; hope rises for end...

Buhari queries AGF for failing to recover N300bn...

Obiano calls for sacrifice as a tool for...

Bribery, corruption and evolution of pro-social institutions (2)...

Fresh dimension to Plateau crisis as Fulani herdsmen...

4 arraigned over Anambra church massacre

5 things to consider before allowing your child...

Nigeria a volcano waiting to explode —Fayose; flays...

2015: We’ll reclaim our stolen mandate from APC...

Millions of dollars may have been stolen in...

Sharia court sentences girl to death for having...

 

Latest News Prosperity doesn’t trickle down, it comes from the middle-out (2) Nigerian professionals unfold plans to create one million jobs Investigation: How Chinese firm is degrading Abia community, officials sexually exploiting female workers Probe reveals N30b oil revenue ‘hidden’ by NNPC Bankers Committee to create 100,000 jobs by first quarter of 2018 Rate of poverty in Alabama (USA) shocking — UN official Ekweremadu, PDP behind Nigeria’s debt profile — VON DG Ijaw, monarch, Edo at war over Okomu land ownership Osun Govt. seeks vacation of court order stopping federal allocation to LGs Oil prices drop on increased US drilling activity Sponsors, investors queue up for One Lagos Fiesta PDP’s umbrella without the South-West will suffer punctures

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (300,639 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (285,313 views) Shameless Genevieve Nnaji exposes breasts in public (230,228 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (193,176 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (183,298 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (169,921 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (147,081 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (132,340 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (130,483 views) Lagos plane crash: Journalist releases victims’ names (118,962 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (115,422 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (111,921 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,813) Business Verdict (27) Columnists (776) Complaints & Requests (94) Enterprise & Opportunities (194) Entertainment (419) Features (522) Global Business Monitor (192) International (1,685) Interviews (138) Live Commentary (28) Love Matters (92) News (30,928) Opinion (844) Pidgin (9) Politics (4,206) Religion (653) Sports (1,379) Stock Watch (25) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

MOBO Awards

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!