The Rivers State House of Assembly Friday passed a resolution authorising the state Governor, Chief Nyesom Wike, to obtain a N10 billion loan from the Excess Crude Account (ECA).

The approval came as a result of a letter to the assembly by the governor.

Wike had said in the letter dated April 5, 2016, that the loan would be used to fund some development projects in the state.

The letter read in part: “You are aware of the huge infrastructure development challenge and our efforts to address the situation. Since we came on board, we have not only remobilised all contractors handling major road sites, but have also awarded new contracts for the construction and reconstruction of new roads and other projects.”

kenonze:
Fayose and Ben Bruce won't talk

Goke7:


Don't mind the hypocrites, na PMB matter de give dem sleepless nights

mrvitalis:
60 billion in less than a year.. . For one of the richest state in Nigeria??

If Nigeria was as rich as Rivers State... . There will be no need to borrow

Rivers voted with sentiments and now we are back to the days of odili

Mynd44:
Making it 60 billion since Wike was sworn in ad governor.

Interesting

midolian:
Mynd44 biko, wetin I do you? Why are you always closing my thread
You don dey vex me oo

kenonze:
Fayose and Ben Bruce won't talk

ideology:
how much has Lagos loaned under Ambode, sorry how much did Ameachi left in office when he left an oil producing state. Compare it to what Peter Obi left behind in Anambra coffers.


Mr Hypocrisy

Burger01:
We are talking of Wike in less than a year rule...

Burger01:
Touts don't talk against touts....they mingle together and reason as one big tout

ideology:
see this one! Noiseless noise, go and tell Amaechi to refund the stolen loots. Lets see if Wike will still apply for loans.

mrvitalis:


When u are ready to talk fact let me know

If wike achieve 50% of what Amaechi did in Rivers State... . Then me I will vote for him come 2019

ideology:
hahaha, you vote is not needed, its on record that Amaechi stopped working after his first tenure, he started having eyes for presidency hence stock piling money ahead of elections.

List Amaechi's achievements from 2011 - 2015 and I'll vote APC in my next life

Your past glories will not take you far, make sure you win always

ideology:
how much has Lagos loaned under Ambode, sorry how much did Ameachi left in office when he left an oil producing state. Compare it to what Peter Obi left behind in Anambra coffers.


Mr Hypocrisy

Mynd44:

Lagos has 100 billion naira in its debt sinking fund reserve. That is a cushion. Does Rivers have this?

Burger01:
Touts don't talk against touts....they mingle together and reason as one big tout