Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,050 members, 7,956,916 topics. Date: Monday, 23 September 2024 at 10:28 PM |
Nairaland Forum / Nairaland / General / Politics / Delta Didn’t Receive N70m Bailout – Okowa (514 Views)
Anenih Lied, I Didn’t Receive Up To N63m From Him- Yakassai / I Didn’t Receive $300,000 From Dasuki, Only Suvs – Buhari / CCT To Arraign Orubebe For False Asset Declaration & Acceptance Of N70m Bribe (2) (3) (4)
(1) (Reply)
Delta Didn’t Receive N70m Bailout – Okowa by horlabiyi(m): 7:00am On Jul 25, 2015 |
By Emma Amaize DELTA State Governor, Dr. Ifeanyi Okowa, yesterday, said the state government did not receive a bailout of N70million from the Federal Government as reported by the media. The governor, who spoke through his Chief Press Secretary, Mr. Ehiedu Aniagwu, also told reporters that it was not true that the state government dissolved the Delta State Oil Producing Areas Development Commission, DESOPADEC. His words, “From the onset, let us make it clear that no N70 billion under any guise whether allocation, bailout or grants was released to the state.” “You recall that when the governor briefed the House of Assembly, he made it clear that the debt burden of the state was huge and beyond the contractual obligations, the commercial debts to banks and the repayment conditionality were quite strangulating. “As a proactive administration, the government sought ways to alleviate the burdens so as to deliver on its promise of prosperity to all Deltans. “One of the ingenious ways the government considered was to explore the option of the Federal Government bond. “What this meant was that the state liaised with the Debt Management Office to take over the commercial loans and restructure them to Federal Government bonds giving the state a long repayment period without increasing the debt burden of the state.’’ Source :- www.vanguardngr.com/2015/07/delta-didnt-receive-n70m-bailout-okowa/ Cc lalasticlala |
Re: Delta Didn’t Receive N70m Bailout – Okowa by Demmocrats(m): 7:01am On Jul 25, 2015 |
Re: Delta Didn’t Receive N70m Bailout – Okowa by feldido(m): 7:26am On Jul 25, 2015 |
Revelations chapter... |
(1) (Reply)
Wike Appoints New VC For Rivers Varsity. / PDP Crisis In Ekiti Deepens:Secretary Shot At Party Secretariat / .
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 8 |