Kwara Assembly okays N1.3b loan
The Kwara State House of Assembly has granted the government's request to access the N1.3 billion Federal Government Budget Support Facility (BSF) loan.
With the approval, the government will be able to access the loan whenever there is a shortfall in its monthly allocation.
The approval came after the Speaker, Ali Ahmad, read Governor Abdulfatah Ahmed's request at an emergency plenary. The loan, according to the governor's message, will be disbursed in three tranches.
"This facility, when accessed, will give Kwara a sigh of relief in the implementation of its policies and programmes," the message said. The House also approved the state's request to access a N973 million loan from Skye Bank Plc.
The loan, the governor said, would be used to finance State Universal Basic Education Board (SUBEB) counterpart fund to enable the state access the 2014 Universal Basic Education Matching Grant from the Federal Government.
Governor Ahmed added that payment of workers would be a priority whenever the fund was accessed.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Islamic Development Bank Shehu Salau Sam Onile Balogin Alanamu Okala Baba Baakini Bello John Olanrewaju Mansurat Amuda-Kannike Suleiman Alege Kuranga Musa Aibinu Bature Bello Grillo Oke-Ode Olosi Of Osi Senior Staff Union Of Colleges Of Education Valsolar-Kwara Company Limited Maigidasanma David Adesina Bamikole Omishore Okin Malt Halidu Danbaba KWAFFA Binta Abubakar-Mora Abdulraheem Olesin Buari Edun Alaro Osuwa Isiaka Yusuf Jide Oyinloye Moji Makanjuola Alliance For Democracy Adama Isa Lateef Ademola Olatunji Kwara Teaching Service Commission Alabi Lawal Tunji Oyawoye Hussein Olokooba Kwara Central Oluranti Idowu HAMFAT Clinic And Maternity Ministry Of Women Affairs And Social Development KWTV Abdulmalik Bashir Mopelola Risikatullahi Hameed Oladipupo Ali Illyasu Abdullahi Abraham Ojo Habeeb Abdullahi Al-Ilory Edu Olupako Alfa Belgore Saheed Alakoso Maigida Soludero Transit David Oyepinola Adedumoye Fatima Abolore Jimoh Abdulwaheed Musa Dan Iya Kale Belgore General Hospital, Offa Laboratory-to-Product Funmilayo Braithwaite Federal College Of Education (Special), Afon General Tunde Idiagbon International Airport Ilorin Isiaka Gold Idi-Ape Yakubu Dogara Centre For Digital Economy Shehu Adaramaja Abdulrauf Aliyu Orire Kehinde Boyede Otunba Taiwo Joseph Mohammed Tunde-Jimoh Abdullahi Imam Abdullahi Lateef Alagbonsi Ileloke Baruten Bank Of Industry

