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FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) (24249 Views)

Amaechi, Abe’s Clash Consumes 4 APC Caucus Leaders / 4 APC Governors Who May Leave The Party (photos) / APC Governors Resolve To Seek Ekweremadu’s Removal As They Meet With Buhari (2) (3) (4)

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Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by AYODEJI4LOVE(m): 9:39am On Feb 27, 2015
hope Aregbe will pay the workers for over three months salary....or will still tell us the old stories of low allocation

5 Likes

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by siraj1402(m): 9:40am On Feb 27, 2015
Ope ooooo now Aregbesola continue ur good work for the state of Osun
Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by BabaO2: 9:41am On Feb 27, 2015
Jonathan Why not sit on it forever, Id!otic incompetent fake phd holder.

2 Likes

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by Johnjack: 9:41am On Feb 27, 2015
NEVER AGAIN WILL AN ILLITERATE RULE NIGERIA.!

NEVER AGAIN WILL A COUP PLOTTER RULE NIGERIA!!

NEVER AGAIN WILL BORN TO RULE MENTALIST RULE NIGERIA!!!

NEVER AGAIN SHALL NIGERIANS BE INTIMIDATED BY BH SPONSOR.

NEVER AGAIN WILL ICC CANDIDATE BE A C-IN-C IN NIGERIA.

NEVER AGAIN WILL SAMBISA KING EXTENDS HIS KINGDOM TO WHOLE NIGERIA OR RULE FROM ASO ROCK.

NEVER AGAIN SHALL STANDARD SIX CERTIFICATE HOLDER RULE OVER MILLIONS OF NIGERIA GRADUATES AND PROFESSORS.

NEVER AGAIN SHALL WE HEAR ABOUT GMB AFTER MARCH 28.

KAI GMB
SAI GEJ.
GOD BLESS ME-JEC
GOD BLESS GEJ
GOD BLESS PDP
GOD BLESS NIGERIA.
NEVER AGAIN....

13 Likes 1 Share

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by gunuvi(m): 9:42am On Feb 27, 2015
GEJ is a good man and a true democrat!!!

8 Likes 1 Share

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by Nobody: 9:42am On Feb 27, 2015
Bet9ja don make me a millionaire. Choi.

Ma fellow nairalander make una come join flex o.

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Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by anonimi: 9:44am On Feb 27, 2015
deskossy:
In all honesty Gej is a good man.....obasanjo will never do this

That is why OBJ, the author of Do or Die politics is the APCheat navigator with his fellow DICTATOR Buhari.



www.nairaland.com/attachments/2098851_109602783_jpeg1fa095d1e8964ccd66363d37dc6c81b3

8 Likes

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by tolexy007(m): 9:44am On Feb 27, 2015
Sunymoore:
Jonathan is....
is our Man.. wink

5 Likes

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by ooshinibos: 9:45am On Feb 27, 2015
GEJ is just too civil and too good for Naija ..OBJ will never give APC states money

10 Likes 1 Share

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by fanex: 9:47am On Feb 27, 2015
grin grin grin grin grin change has come live with it or move along. this is bigger than GEJ. pdp is destroyed by gej ambition.
Johnjack:
NEVER AGAIN WILL AN ILLITERATE RULE NIGERIA.!

NEVER AGAIN WILL A COUP PLOTTER RULE NIGERIA!!

NEVER AGAIN WILL BORN TO RULE MENTALIST RULE NIGERIA!!!

NEVER AGAIN SHALL NIGERIANS BE INTIMIDATED BY BH SPONSOR.

NEVER AGAIN WILL ICC CANDIDATE BE A C-IN-C IN NIGERIA.

NEVER AGAIN WILL SAMBISA KING EXTENDS HIS KINGDOM TO WHOLE NIGERIA OR RULE FROM ASO ROCK.

NEVER AGAIN SHALL STANDARD SIX CERTIFICATE HOLDER RULE OVER MILLIONS OF NIGERIA GRADUATES AND PROFESSORS.
grin grin grin grin grin grin grin grin
NEVER AGAIN SHALL WE HEAR ABOUT GMB AFTER MARCH 28.

KAI GMB
SAI GEJ.
GOD BLESS ME-JEC
GOD BLESS GEJ grin how else do u want God to bless this man? make him president? grin
GOD BLESS PDP
GOD BLESS NIGERIA.
NEVER AGAIN.... grin relax and enjoy the change its coming with or without you.

2 Likes

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by Louislewis: 9:48am On Feb 27, 2015
[size=24pt]Can APC learn what it takes to be a good government? If it were APC to be in position, I believe strongly in such a time, they will deny PDP this loan to further weaken their state in terms of infrastructural development as to use it against them politically. I have not seen a leader like GEJ. He is just a very simple man and impartial.[/size]

9 Likes

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by Babare(m): 9:49am On Feb 27, 2015
tolextony:
5 DEFINITIONS OF STUPIDITY.
Stupidity is When:
1) You Earn less than #30,000 as a graduate and
still chant "Gej 4 2015".
2)You charge your phone with
a generator and come online to type #GEJ 4
2015".
3)You purchase fuel at #87 per litre and refuse
to ackwledge the fact that you have been
cheated "Gej 4 2015".
4)You import Goods from abroad at #209 per
dollar instead of #159 per dollar yet you are a
Gejite.
5)You support a man who can't refund or give
account of missing $20BN.
"THAT IS STUPIDITY"
"THERE IS NO LICENCE FOR NONSENSE".
#VOTE_GMB_4_2015.
#March4Buhari.

Foolishness is when you believe BUHARI will change everything overnight...

UseYourBrain.... You need it.

8 Likes

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by paullo240: 9:50am On Feb 27, 2015
This is was is called epitome and beauty of DEMOCRACY full stop

3 Likes

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by Emmahunk(m): 9:51am On Feb 27, 2015
emekaxy:
FG approves $403m loans for Lagos, Rivers, Ogun, Osun

Vice-President Namadi Sambo
The Federal Executive Council on Wednesday approved the request of Lagos, Rivers, Ogun and Osun states to obtain foreign loans totalling about $403m, among other approvals.

It also approved a $1.2bn multi-donor credit for the establishment of the proposed Development Bank of Nigeria.

Other foreign loans totalling $295m were approved for developmental projects across the country.

The different foreign facilities were approved at a meeting of the council presided over by Vice President Namadi Sambo.

President Goodluck Jonathan was absent at the meeting because he travelled to Sokoto where he attended the 90th birthday of former President Shehu Shagari.

The Minister of Aviation, Mr. Osita Chidoka; Minister of State for Finance, Ambassador Bashir Yuguda; Minister of Water Resources, Mrs. Sarah Ochekpe; and Minister of Education, Mallam Ibrahim Shekarau, briefed State House correspondents at the end of the meeting.

Yuguda said the fact that most of the loans guaranteed by the Federal Government were for states being governed by the All Progressives Congress further confirmed Jonathan’s position that he was the President of all Nigerians.

He said the President had made a distinction between governance and politics, and would not trivialise his office for any reason.

According to the minister, the council approved the request for a $100m credit from the French Development Agency in support of the Lagos Integrated Urban Development Project (Eko-UP).

“The facility is meant to improve living conditions of the most vulnerable urban population of metropolitan Lagos, improve the management and treatment of solid waste, strengthen the capacity of Lagos State and implement urban development projects in Lagos State,” he explained.

Yuguda gave the repayment period of the loan as 20 years, including seven years moratorium as well as commitment fee of 0.25 per cent of the total per annum and an appraisal fee of 0.25 per cent.

The project has three major components: slum upgrading in Ifelodun and Bariga Local Council Development Areas by the Lagos State Urban Renewal Authority; construction of solid waste management facilities by the Lagos State Waste Management Authority; and provision of capacity building and technical assistance for LASURA, LAWMA, the Project Management Unit and the two LCDAs.

For Rivers State, Yuguda said the council gave approval for the $200m African Development Bank’s credit facility for the proposed Port Harcourt water supply and sanitation project as well as an African Development Fund credit of $5m to support the Urban Water Sector Reform Project.

Yuguda said the credit facility would be secured from ADB with a repayment period of 15 years and five years moratorium, adding that the interest was enhanced variable spread loan, with lending spread of 0.60 per cent per annum, translating to 1.56 per cent.

For the ADF, he said the principal would be repaid over a period of 22 years, with eight years grace period and interest rate of one per cent per annum.

According to the minister, the council also approved a $33.174m credit from the French Development Agency in support of the Ogun State Water Supply Project.

He said the facility would be secured from the FDA on blend terms, with an interest rate of six months Libor plus margin; repayment period of 20 years, including seven years moratorium; commitment fee of 0.25 per cent per annum and an appraisal fee of 0.25 per cent.

Yuguda explained that the credit would be on-lend to Ogun State on the same terms and conditions offered by the FDA to the Federal Government.

For Osun State, he said the council approved an Islamic Development Bank’s loan of $65m for financing water supply and sanitation projects in the state, adding that the loan would be repaid over 15 years, gestation period of four years and mark-up Libor + 155bps or to 1.5 per cent per annum.

On the $1.280bn for the establishment of the proposed Development Bank of Nigeria, the minister said the loan would come from the International Bank for Reconstruction and Development, World Bank, Africa Development Bank as well as the Germany and French Development Agencies in the sums of $500m, $450m, $200m and $130m, respectively.

He said the proposed bank would give credit facilities to micro, small and medium enterprises in the country.

Source:

http://www.punchng.com/business/business-economy/fg-approves-403m-loans-for-lagos-rivers-ogun-osun/

Big deal. How many billions did he approve for PDP controlled States?

1 Like

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by lilflipnerd: 9:51am On Feb 27, 2015
It's a shame, see Leaders of tomorrow divided by tribe, Religion and Politics

1 Like

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by afuye(m): 9:52am On Feb 27, 2015
A FAILURE
Sunymoore:
Jonathan is....

2 Likes 1 Share

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by BabaO2: 9:53am On Feb 27, 2015
Johnjack:
NEVER AGAIN WILL AN ILLITERATE RULE NIGERIA.!

NEVER AGAIN WILL A COUP PLOTTER RULE NIGERIA!!

NEVER AGAIN WILL BORN TO RULE MENTALIST RULE NIGERIA!!!

NEVER AGAIN SHALL NIGERIANS BE INTIMIDATED BY BH SPONSOR.

NEVER AGAIN WILL ICC CANDIDATE BE A C-IN-C IN NIGERIA.

NEVER AGAIN WILL SAMBISA KING EXTENDS HIS KINGDOM TO WHOLE NIGERIA OR RULE FROM ASO ROCK.

NEVER AGAIN SHALL STANDARD SIX CERTIFICATE HOLDER RULE OVER MILLIONS OF NIGERIA GRADUATES AND PROFESSORS.

NEVER AGAIN SHALL WE HEAR ABOUT GMB AFTER MARCH 28.

KAI GMB
SAI GEJ.
GOD BLESS ME-JEC
GOD BLESS GEJ
GOD BLESS PDP
GOD BLESS NIGERIA.
NEVER AGAIN....
Who is illiterate between Buhari and Jonathan. Of course Jonathan is the illiterate here, he is like robot saying yes no yes no, a corrupt drunkard teleguided by Mimiko, Edwin Clark and fani kayode.
Yes you are right indeed NEVER AGAIN....= NAIRA

1 Like

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by Akinz0126(m): 9:53am On Feb 27, 2015
Until when'll this government stop borrowing?Why now that election is by the corner. I doubt if the election sef would take place from what am seeing de Wuya ayi Zaben nan...
Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by seedorfg(m): 9:53am On Feb 27, 2015
and so, what about the money federal government have been looting

2 Likes

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by polite2(m): 9:53am On Feb 27, 2015
FG/GEJ has de capacity to approve all de aproveables, but refused to. its now that election is around de corner that he is approving nonsense. we kn and we shall vote wisely

3 Likes

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by goldman777: 9:54am On Feb 27, 2015
pls why is dis news on front page to. make pdp. look good its a loan isn,t it from our national cofers to. be repaid.why cant d presidency give it as a grant for developement or are those states not part of nigeria and including lagos which is d center of economic backbone of nigeria.dis tanist pple ur jus monkeys pet fed by their zookeeper gej in pdp cages.always coming on nl to make pointless posts

3 Likes

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by anytaij: 9:54am On Feb 27, 2015
Confirm !!!!!b you go school well well ur papa moni no waste @ all
GEJ till god. Knows wen tongue tongue tongue
Trut:
WHO IS FOOLING WHO ??

STUPIDITY is when you go to London to campaign for people without PVC.

MUMU is when you go to London and failed to come back with the acclaimed Cambridge certificate.

MUGU is when you did not go to school and forged a certificate and come online to say Sai Buhari.

FOOLISHNESS is when you have been shouting "Up NEPA!!!'' since you were born but expects GEJ to become a magician within 4 years.

AKPOS is when you read day and night to get a certificate and still want a semi-illiterate to rule you.

419 is when Buhari said he borrowed 27 million naira for presidential form but Buhari's wife donate drugs worth 135 million naira to displaced persons in Yola.

DON'T BE DECEIVED!!! THINK TWICE BEFORE
YOU VOTE.

GEJ is the MAN

1 Like

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by sparkleRed(f): 9:55am On Feb 27, 2015
LNRZH:


Buhari is a terrorist
Apc Is bokoharam
Gej till 2019



Check my signature
That is a no no! Ahah, yes we knw berem is a nuisance buh shuu why use ha sexual preference against ha, dats nt okay @ all

1 Like

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by datribune: 9:56am On Feb 27, 2015
olatunji21:
Where is Akpabio?... The man is been very silent lately..
Anyway, Change is coming
Sai baba

Hahahaha Akpabio is a smart politician, don't worry about him. He knows dat change is coming. Buhari, d nemesis of d corrupt is coming. d clueless one is on d homestrech of his inept presidency. SAI BUHARI

2 Likes

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by anytaij: 9:56am On Feb 27, 2015
Confirm !!!!!b you go school well well ur papa moni no waste @ all
GEJ till God knows wen tongue tongue tongue
Trut:
WHO IS FOOLING WHO ??

STUPIDITY is when you go to London to campaign for people without PVC.

MUMU is when you go to London and failed to come back with the acclaimed Cambridge certificate.

MUGU is when you did not go to school and forged a certificate and come online to say Sai Buhari.

FOOLISHNESS is when you have been shouting "Up NEPA!!!'' since you were born but expects GEJ to become a magician within 4 years.

AKPOS is when you read day and night to get a certificate and still want a semi-illiterate to rule you.

419 is when Buhari said he borrowed 27 million naira for presidential form but Buhari's wife donate drugs worth 135 million naira to displaced persons in Yola.

DON'T BE DECEIVED!!! THINK TWICE BEFORE
YOU VOTE.

GEJ is the MAN

1 Like

Re: FG Approves $403m Loan For 4 APC Governors (lagos, Rivers, Ogun & Osun) by sultan003(m): 9:56am On Feb 27, 2015
deskossy:
In all honesty Gej is a good man.....obasanjo will never do this

True Fact

1 Like

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