The Nigeria Senate has approved the sum of $340 million World Bank loan for Ogun State for development policy operations.

The approval followed the report of the Committee on Local and Foreign Debts which was presented by Senator Shehu Sani on Thursday.

In his report, Sani said, the loan had already been approved by World Bank in 2016 which was already captured in the budget which was being implemented.

He maintained that the State has low local and debt profile, hence, it was appropriate for the loan to be approved by the Senate.

“That the Senate do consider the report of the Committee on Local and Foreign Debts on the Ogun State Development Policy Operations (DPO) loan of $350 million from the World Bank.”

The report also indicated that Ogun development plan was in consonance with the mandate of President Muhammadu led administration.

Subjecting it to votes by the Deputy Senate President, Ike Ekweremadu who presided over Thursday:s plenary in the absence of his principal, Dr. Bukola Saraki, it was immediately approved.
Continue Reading: https://yawadeyonline..com/2017/11/senate-president-bukola-saraki-approves.html

lalasticlala ogun state is the capital of yam

Ademat7:
lalasticlala ogun state is the capital of yam

Check Ogun external and domestic debts, Osun already in red, when you add this loan they just approved, Ogun will be second after Lagos in topping external debt.

Cool

Saraki The Smart..

Finally... Oga oo.

FKO81:

Check Ogun external and domestic debts, Osun already in red, when you add this loan they just approved, Ogun will be second after Lagos in topping external debt.

Can you please share the link to this Business Day news

Near idiot proof loan if anyone knows details of loan.

No details of the loan, from next year election campaign will start and this is his last tenure, I pity incoming governor, I just pray he will use this loan to complete all the roads and bridges he abandoned since since his first tenure, Ogun is now living on debts and bailouts, high IGR my lovely as.s

Western e-d.o..gs don disappear nobody wan comment, praying for the thread to go down