Akwa Ibom Assembly approves Governor Emmanuel’s N7 billion loan request


Akwa Ibom’s House of Assembly approved Governor Udom Emmanuel’s request for a N7 billion loan for agriculture and housing projects in the state.

The governor, in two separate messages forwarded to the House and read by President Aniekan Bassey in plenary on Thursday, asked the House to authorize the state government to obtain N2 billion from the farm credit program. Commercial Center of the Central Bank of Nigeria (CBN).

The governor also requested 5 billion naira for the development of housing estates in the state.

In his letter, the governor said the CBN’s commercial agricultural credit program would boost cocoa, coconut and corn cultivation in the state.

“The CBN credit program is seen as a very good window for state governments and businesses to access credit at relatively low interest rates at five percent per year to develop agriculture with the benefits and benefits. benefits that flow from it, ”said Emmanuel.

The 5 billion naira would come from the Family Home Funds to finance the development of 650 affordable housing units for civil servants in the local government areas of Ibiono Ibom and Itu.

The Family Home Fund is a federal government institution responsible for leading housing development in the country and providing funds to the state government and other government agencies for housing projects.

Also in plenary, the Akwa Ibom Information and Communication Technology Development Agency Bill 2020 passed second reading and was submitted to the House Committee on Science and Technology. technology for review.

READ ALSO: Senate approves Buhari’s external loan request of $ 1.5 billion, € 995 million

The House also ordered an investigation into the dismissal of Abasiama Etukakpan, deputy chairman of the Oruk Anam Local Government Council, following petitions received through his justice, human rights committee. man and public petitions.

The House is scheduled to meet again on July 27.


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