• About
  • Advertise
  • Contact
Wednesday, September 27, 2023
2ndtopost.
  • Home
    • News
    • Politics
    • Business
    • Education
    • Interview
    • Opinion
    • Letter
  • Trending
    • Entertainment News
    • Entertainment Videos
  • Foreign
    • International News
    • History
  • Sports
  • Healthwise
  • Life story
  • Breaking
No Result
View All Result
  • Home
    • News
    • Politics
    • Business
    • Education
    • Interview
    • Opinion
    • Letter
  • Trending
    • Entertainment News
    • Entertainment Videos
  • Foreign
    • International News
    • History
  • Sports
  • Healthwise
  • Life story
  • Breaking
No Result
View All Result
2ndtopost.
No Result
View All Result

Rivers State Gets Approval To Access ₦15 Billion CBN Loan

2ndtopost by 2ndtopost
February 3, 2022
in News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Rivers State Executive Council has approved the state government’s request for a N15 billion loan from the Central Bank of Nigeria’s Infrastructure Fund on Wednesday, allowing the state to complete three vital projects.

Kamalu

The state Commissioner for Finance, Mr Isaac Kamalu, revealed this at a press conference following the Executive Council meeting in Port Harcourt.

Kamalu added that the three key projects are the Oyigbo-Okoloma Road; Chokocho-Igbodo Road and the construction of the 10th flyover by the administration at Rumuokwurushi-Elimgbu.

Considering the benefits of the facility, Kamalu said that tapping the fund will help speed up the completion of these projects, with a low-interest rate of 5% repayable within 20 years and a three-year moratorium.

“In our deliberations at the Executive Council meeting today, Council approved that the Rivers state government should access the Central Bank of Nigeria Infrastructure Support Facility to the tune of N15 billion. You will recall that prior to now, the Rivers state government had accessed funds for these projects.

“However, these funds, even if put together, will not be able to accomplish these three critical projects mentioned,” he said.

Kamalu expressed confidence that the N15 billion facility would be a valuable asset in ensuring that these projects were completed on schedule and in the state’s best interests.

The council has decided to reclaim decaying government quarters from civil servants and illegal inhabitants in Port Harcourt’s old and new Government Residential Areas (GRA) and resell them to qualified private individuals.

The state Commissioner for Information and Communications, Mr Paulinus Nsirim, went on to say that the Council made this decision because some of the properties were fraudulently obtained by retired civil workers through dubious allocation and sale processes.

According to Nsirim, some of the properties had deteriorated due to the residents’ blatant disregard and lack of upkeep.

“The properties were totally in uninhabitable condition and were converted into commercial and business uses; in some cases, they were sublet to private tenants, or were used as poultries, fish ponds, barbing saloons, and other unauthorized uses,” he said

Tags: Rivers State Gets Approval To Access ₦15 Billion CBN Loan
ADVERTISEMENT
Previous Post

Sule Lamido: Nobody Can Zone PDP Presidential Ticket

Next Post

Lady House Hunting Shares Photo Of Kitchen In Apartment She Was Asked To Inspect

2ndtopost

2ndtopost

Next Post

Lady House Hunting Shares Photo Of Kitchen In Apartment She Was Asked To Inspect

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 87.1k Followers
  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
WATCH how a young lady burnt to death In Sokoto for blasphemy against Allah

WATCH how a young lady burnt to death In Sokoto for blasphemy against Allah

May 12, 2022
Photos Of The Guy That Leaked The Sex Tape Of School Of Nursing Student Itigidi

Photos Of The Guy That Leaked The Sex Tape Of School Of Nursing Student Itigidi

April 21, 2022
Wife of APC presidential candidate, Tinubu wife fight dirty publicly Watch video

Wife of APC presidential candidate, Tinubu wife fight dirty publicly Watch video

August 10, 2022

2023: I will consult my constituency before I resign – Ngige on Buhari’s order

May 11, 2022

How to Confess Your Love to a Man

4
How Late Alaafin of Oyo Manage 13 wife in His Palace

How Late Alaafin of Oyo Manage 13 wife in His Palace

2

Buhari okays approval for Maryam Abacha University, 19 others

1

President Buhari mourns Justice Abdul Kafarati

1

MONDAY ENGERY by

September 27, 2023

Single Mother’s Are Trying A short story

September 27, 2023
Police arrests five suspected thieves with 996 stolen phones in Kano State(photos)

Police arrests five suspected thieves with 996 stolen phones in Kano State(photos)

September 26, 2023
Ondo vows to scrap crisis-prone areas in planned local government development areas

Ondo vows to scrap crisis-prone areas in planned local government development areas

August 10, 2023

Recent News

MONDAY ENGERY by

September 27, 2023

Single Mother’s Are Trying A short story

September 27, 2023
Police arrests five suspected thieves with 996 stolen phones in Kano State(photos)

Police arrests five suspected thieves with 996 stolen phones in Kano State(photos)

September 26, 2023
Ondo vows to scrap crisis-prone areas in planned local government development areas

Ondo vows to scrap crisis-prone areas in planned local government development areas

August 10, 2023
2ndtopostblog

2ndtopostblog is a Media News blog that spread information at ease. Sport, Fashion, Healthwise News, Entertainment, Business News from Nigeria and across the world.

Follow Us

Browse by Category

  • Business
  • Education
  • Entertainment News
  • Entertainment Videos
  • Healthwise
  • History
  • Home
  • International News
  • Interview
  • Letter
  • Life story
  • Metro
  • News
  • Opinion
  • Politics
  • Relationship
  • Sports

Recent News

MONDAY ENGERY by

September 27, 2023

Single Mother’s Are Trying A short story

September 27, 2023
  • About
  • Advertise
  • Contact

© 2022 Designed by SmattTech

No Result
View All Result
  • Home
    • News
    • Politics
    • Business
    • Education
    • Interview
    • Opinion
    • Letter
  • Trending
    • Entertainment News
    • Entertainment Videos
  • Foreign
    • International News
    • History
  • Sports
  • Healthwise
  • Life story
  • Breaking

© 2022 Designed by SmattTech