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Gov.wike Borrows N25bn To Finance Key Infrastructure In Rivers State - Politics - Nairaland

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Gov.wike Borrows N25bn To Finance Key Infrastructure In Rivers State by Upritman(m): 5:18pm On Sep 27
Governor Nyesom Wike is to borrow the sum of N25Billion to finance key infrastructure in the State.

This follows the granting of an approval to secure the N25Bn Loan by the Rivers State Executive Council.

Politics Hub Nigeria reports that the loan will be used to finance infrastructure including the construction of the 27km Chokocho-Igbodo Road, Oyigbo-Afam Road, Nabo Graham-Douglas Campus of the Nigerian Law School, the Judicial Institute, New Magistrate Courts and the Rumuokwurusi-Elimgbu Flyover.

It was further gathered that the loan has a repayment period of 18 months and is to be repaid before the end of the Gov. Wike's administration.

Specifically, the borrowed sum would be deducted from October 2021 to April 2023 at a monthly rate of N1,547,874,350.66 against the State's Internally Generated Revenue.

Gov.Wike, a strong critic of President Muhammadu Buhari-led APC, had at various times condemned the excessive borrowings by the current Federal Government.

Source: https://www.politicshubng.com/gov-wike-borrows-n25bn-to-finance-key-infrastructure-in-rivers-state/

Re: Gov.wike Borrows N25bn To Finance Key Infrastructure In Rivers State by NwaNimo1(m): 5:19pm On Sep 27
He borrowed short term for clearly defined projects and with a clear repayment plan!



No issue here........

3 Likes

Re: Gov.wike Borrows N25bn To Finance Key Infrastructure In Rivers State by Bola146(f): 5:33pm On Sep 27
shocked shocked shocked shocked shocked shocked
Re: Gov.wike Borrows N25bn To Finance Key Infrastructure In Rivers State by OG1BABY(f): 6:20pm On Sep 27
Okay
Re: Gov.wike Borrows N25bn To Finance Key Infrastructure In Rivers State by adesegun121(m): 6:21pm On Sep 27
Bubu brother grin grin borrow borrow govt.. grin grin
Re: Gov.wike Borrows N25bn To Finance Key Infrastructure In Rivers State by OBUKSBAYELSA: 6:22pm On Sep 27
Though I am averse to Governor Wike type of ethnic motivated politics but I say has managed the resources of Rivers State more better than President Buhari has managed Nigeria, infact Buhari is big disaster to Nigeria Economy.
Re: Gov.wike Borrows N25bn To Finance Key Infrastructure In Rivers State by ddippset(m): 6:49pm On Sep 27
OBUKSBAYELSA:
Though I am averse to Governor Wike type of ethnic motivated politics but I say has managed the resources of Rivers State more better than President Buhari has managed Nigeria, infact Buhari is big disaster to Nigeria Economy.
Old man like you just siddon make pant dey wear you.

*Spending millions to right Secondus.
*Sponsorship PDP and earning the tag PDP financier.
*Donating hundreds of millions to Sokoto.
*Building law school in Bayelsa.
*Donating hundreds of billions to Benue.
*Buying cars and houses for judges.
*Spending billions to host PDP convention.
*Spending billions to clinch PDP Presidential/VP ticket.


Indeed Wike has managed the resources of rivers extremely well.

God bless Governor Wike.
Re: Gov.wike Borrows N25bn To Finance Key Infrastructure In Rivers State by Okwyjesus(m): 6:56pm On Sep 27
NwaNimo1:
He borrowed short term for clearly defined projects and with a clear repayment plan!



No issue here........

That's a THINKING MAN.
Re: Gov.wike Borrows N25bn To Finance Key Infrastructure In Rivers State by OBUKSBAYELSA: 9:15am On Oct 01
ddippset:
Old man like you just siddon make pant dey wear you.

*Spending millions to right Secondus.
*Sponsorship PDP and earning the tag PDP financier.
*Donating hundreds of millions to Sokoto.
*Building law school in Bayelsa.
*Donating hundreds of billions to Benue.
*Buying cars and houses for judges.
*Spending billions to host PDP convention.
*Spending billions to clinch PDP Presidential/VP ticket.


Indeed Wike has managed the resources of rivers extremely well.

God bless Governor Wike.

Has Buhari done better? that's the question before you and your APC goons. Assisting other States with one challenge or the other is not a crime. Anyway, all your gibberish does not take away the fact that Governor Wike has done well.
Re: Gov.wike Borrows N25bn To Finance Key Infrastructure In Rivers State by otokx(m): 9:20am On Oct 01
The fact that the loans are to be repaid while he is still in government is commendable. He just needs to pay pensioners, do some employment and tackle the issue of waste management then the government will be rated perhaps as second best after Diette Spiff whose bar appears to be so high nobody has been able to surmount it.

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