Diri gets Bayelsa Assembly's nod to renegotiate loans - Punch Newspapers

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The Bayelsa State House of Assembly has again approved a request by Governor Douye Diri to renegotiate and restructure existing loans the state government had collected from commercial banks.

The 24-member House gave the approval during plenary at the Assembly Complex in Yenagoa presided over by the Speaker, Abraham Ingobere, upon resumption from recess on Tuesday.

Diri, who conveyed his request through a letter read by the Clerk of the Assembly, Owudugo Kozigene, explained that the renegotiation and restructuring of the loans would help to free up funds for critical developmental projects.

 

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