GTB 737 banner Yudala banner

PDP, APC trade words over $75 million World Bank loan

By News Express on 08/08/2015

Share on facebook Yahoo mail icon Gmail icon

Views: 1,370


The Peoples Democratic Party (PDP) and the All Progressives Congress (APC) are trading words over a $75 million loan requested from the World Bank by the State government.

Although the State government controlled by the APC is still waiting for the approval from the National Assembly, the PDP is kicking against the loan request.

Speaking to Channels Television on Friday in Benin City, the Edo State capital, the Publicity Secretary of the PDP, Chris Nehikharie, alleged that Governor Adams Oshiomhole would further worsen the state’s debt profile by taking the loan.

They asked the Senate to reject the proposal, claiming that the State government would divert the money for election campaign.

“In this government alone, the local government alone has received 212 billion Naira as at May this year.

“We are in shock. It is unbelievable that this government wants to collect more money and bequeath the debt legacy. We reject it and we beg the Senate and the President of Nigeria to reject it,” Mr Nehikharie said.

He asked the Edo State government to provide indices that would prove that the first trench of the loan was successfully utilised, as claimed.

In reaction, the APC Chairman in Edo State, Anslem Ojezua, said the loan was a testimony to the good works of the State government.

“Ordinarily, because they don’t give out gifts, that is why they called this a loan. It attracts one per cent interest, a moratorium period of 10 years and the State Government has 40 years to pay.

“How does this compare with the loans the PDP takes?” he questioned.

President Buhari had written a letter to the Senate seeking the approval of the $75 million loan on behalf of Edo State.

The letter has been read on the floor of the Senate by the Senate President, Senator Bukola Saraki, and the National Assembly will deliberate on the request and come out with a final decision. (Channels TV)

Source News Express

Posted 08/08/2015 05:25:17 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

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!

 

You may also like...
Buhari’s govt causing a decline in education, says...

‘Trump effect’ at work as Wall Street shatters...

Anambra youths warn Ngige, bar ex-lawmaker from public...

Kaduna Electric to establish $250m meter plant

Army rains bombs on Boko camps in Bauchi...

Niger State demands 13 per cent derivation on...

Reps angry over exclusion of Imo State from...

PDP Fingers Amaechi, Dakuku over alleged plot to...

BREAKING NEWS: Niger Delta Avengers go berserk, blow...

Stakeholders proffer solutions to capital market downturn

A Governor Like No Other: A toast to...

12,000 Nigerians flee to Chad after Boko Haram...

 

Latest News Petroleum Ministry clears the air on fire incident at Kachikwu’s house Monkey pox victim commits suicide Kanu Nwankwo launches N1b lotto NLNG demands $315m judgment debt from NIMASA Crime Fighters presenter sues IGP Ibrahim Idris Buhari orders military, police to stop killings as death toll from Plateau attack hits 29 OAU Students' Union demands reinstatement of suspended students Appointments: Buhari must justify his actions — CACOL Forex: CBN maintains market liquidity with $195m EFCC docks ex-Perm Sec for N14.1m fraud Ambode, Pedro, Falana, Utomi, others celebrate Fela at Afrika Shrine Go Round FC zooms into top tier of Nigerian football

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (286,431 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (268,665 views) Shameless Genevieve Nnaji exposes breasts in public (217,707 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (182,883 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (179,086 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (161,564 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (139,934 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (128,497 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (123,301 views) Lagos plane crash: Journalist releases victims’ names (113,763 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (111,905 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (104,306 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (29) Business (2,723) Business Verdict (24) Columnists (754) Complaints & Requests (93) Enterprise & Opportunities (183) Entertainment (393) Features (497) Global Business Monitor (187) International (1,576) Interviews (134) Live Commentary (28) Love Matters (77) News (29,351) Opinion (824) Pidgin (8) Politics (3,977) Religion (645) Sports (1,337) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN words on marble advert

 

 

#MonkeyPox outbreak

 

APO Group Partner

 

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!

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!