The House at plenary presided over by the Speaker, Chief Sheriff Oborevwori in Asaba, also approved Okowa’s request to guarantee a credit facility to be obtained by the Delta Line Transport Services Limited.
” The request has become expedient considering the almost N3 billion drop in federation accounts receipt in January 2019 when compared to December 2018 which had hindered planned disbursement to the contractors. Okowa said: ”In obtaining the short-term loan facility amounting to N3 billion only from Zenith Bank with the state government bearing the cost associated with the facility as requested by the contractors.”
Also at plenary on Tuesday, the Assembly approved Gov. Okowa’s request to guarantee credit facility to be obtained by the Delta Line Transport Service Limited.Okowa said that the loan was in a bid to revamp the ailing Delta transport service which had over the years relied on continuous assistance from the state government to meet salaries and other recurrent expenditure obligations as well as capital expenditure despite being a business that should generate revenue.
Source: Loan Digest (loandigest.net)
This should be the priority not Money for road that's going to be embezzled
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