Kwara Assembly okays N1.3b loan

Date: 2016-07-13

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.

The facility, he said, had ta enure of 12 months with 22 per cent interest rate per annum, and is secured with an irrevocable standing payment order.

Governor Ahmed added that payment of workers would be a priority whenever the fund was accessed.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Oke-Odo     Smart School     Kehinde Boyede     Cornelius Adebayo     Lanre Badmus     Suwa-Arabs     NITDA     Yusuf Lanre Badmus     Onilorin     Rapheal Ashaolu     TIIDELab     Kwara State Pension Board     Olaoye B. Felix     Issa Oloruntogun     Raliat Elelu-Habeeb     Tsaragi     Abdulmumini AbdulRazaq     Minister     Abubakar Baba Sulaiman     Lanre Badmas     Shonga     Logun     Ilorin Emirate     Chikanda     Abegunde Goke     Aliyu Adebayo     Ijagbo     Tescom.kwarastate.gov.ng     Elese Of Igbaja     Abdullahi Atanda     Afonja Descendants Union     Sardauna     Abdulganiyu Salahudeen     FERMA     Kwara State Coalition Of Business And Professional Associations     Abdullateef Abdussalam     Saka Adeyemo     Kulende-UITH     Kwara Poly     Femi Ogunsola     Nigerian Medical Association     Amos Justus Sayo     Osuwa     Abubakar Abdullahi Bata     Is\'haq Modibbo Kawu     Jimoh Olusola Imam     Saeedat Aliyu     Markaz Arabic And Islamic Training Institute, Agege     Ishola Abdullahi     Shao     Sa\'adatu Modibbo-Kawu     Ridwan Agboola     Mohammed Yahaya Barki     Sa\'adu Gambari     Mahmud Babatunde Baker     Umar Yakubu Jaja     Olatunde Jare     Neo Mundo Ltd     Ben Duntoye     Just Law Forum     Read With Me     Pilgrims Board     Akeem Lawal     Kola Ologbondiyan     Aliyu Muhammed     Niyi Ogundiran     Abdullahi Saadudeen Alikinla     Kwara State Council Of Chiefs     Binta Abubakar-Mora     JSSCE     Sulyman Abdulkareem     Kwara State Football Association     Sulyman Buhari     Saheed Alakoso     Umaru Saro     Sola Saraki University     Okasanmi Ajayi    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Association Of Kwara State Online Media Practitioners     Agbarigidoma     Bayo Lawal     Abdulquawiy Olododo     Kwara State University Of Education     Bola Olukoju     Baba Idris     Taofik Mustapha     Towoju     Aminu Ado Bayero     Yaman     Computer Based Test     Kola Olota     Kwara 2015     Umar Bayo Abdulwahab     Alao Ayotunde     TESCOM 2025     Bolaji Abdullahi     Harmony Holdings     Saliu Alamoyo     Kayode Zubair     Vasolar Consortium     Kwara State Pension Board     Okin Malt     Yahaya Abdulkareem Babaita     Oniwasi Agbaye     JAAC     Adamu Attah     Cornelius Adebayo     Abubakar Baba     Salau Kabiru Abdullahi     Hassan Taiye Salam     Oasis Muslim Care Foundation     LAK Jimoh     Rueben Parejo     Ganmo Electricity Sub-Station     CT Ayeni     Olatunji Abdulmumeen     CKNG     Abdulrahman Onikijipa     NTA Ilorin     Tescom.kwarastate.gov.ng     Yahaya Abdulkareem     Kwara     Dumagi     Igbomina     Saudat Abdulbaqi     Zainab Abass     Abdulkadir Akanbi-Oke     Jebba     James Kolo     Sanitation Exercise     Bamidele Aluko     Kwara Pdp     Riskat Opakunle     Police Commissioner     Elerin Of Adanla Irese     Lai Mohammed     Ilorin South Constituency     Yahaya A Paniyaro     Kwara State Fire Service     Centre For Community Empowerment And Poverty Eradication     Kemi Adeosun     State Bureau Of Internal Revenue     Amos Sayo     Buhari     Peter Amogbonjaye     Laduba     YAKOOYO     Joana Nnazua Kolo     Oloriegbe     Fulani     Maigidasanma     Kamaldeen Kehinde     Ijagbo     Ibrahim Abdulkadir Abikan     Yusuf Abubakar