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Gov. Amaechi gets approval from state assembly to source for N50bn through bond

NASS

Gov. Amaechi gets approval from state assembly to source for N50bn through bond

by Segun Odeleye

Rivers State Governor, Chibuike Amaechi has received approval from the state House of Assembly to source N50 billion bond out of the N100 billion bond earlier approved by the lawmakers.

This followed a letter written to the assembly by the governor yesterday requesting for their approval so that the executive can complete ongoing projects in the state.

According to Amaechi, the N50 billion bond is not a fresh loan, adding that the money would be withdrawn from the N100 billion bond earlier approved by the House and would be accessed from Access and Zenith banks as a bridging facility for current projects in the state.

Speaking on the governor’s request, the Deputy Speaker of the House, Leyii Kwanee said that the projects, when completed, would improve the lives of the people. Other lawmakers, including the Chairman, House Committee on Finance, Josiah Olu, who contributed during the debate urged that the governor’s request should be given express approval.

At the sitting presided over by the Speaker, Otelemaba Dan Amachree, 15 of the lawmakers present voted in favour of the request.

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