Ekiti State House of Assembly on Wednesday unanimously approved N19.6bn loan facilities for the state government.

The News Agency of Nigeria reports that the approval followed two different letters written by Governor Ayodele Fayose requesting the house consent to access the loans.

The letters are, “Consideration of the proposal of the State Government to Partake in the Excess Crude Account and Consideration of the Intention of Ekiti State Government to Partake in the Federal Government Bailout Package to pay Backlog of Workers’ Salaries.”

A breakdown of the loans showed that the state would access N10bn from Access Bank on 10-year and 9 per cent repayment arrangement.

Also, the state government would access N9,604,430,000 from Skye Bank on 20-year and 9 per cent repayment arrangement.

The Leader of the house, Mr Akinyele Olatunji, had appealed to members to give the request accelerated considerations.

Olatunji described the government’s intention as a good development, saying it would better the lives of Ekiti people.

Olatunji said, “Access to the N10bn Excess Crude Account and over N9.6bn Federal Government bailout loan, respectively is a good development for the state.

“The loans will enable the present administration provide basic infrastructure and social amenities for the people.

“If the government is able to access these loans, the government will be able to execute developmental projects.

“Apart from the loan being used to pay the backlog of workers’ salaries, it will also enable the government provide some basic social amenities in the state.”

The views of the leader of the house was corroborated by the trio of Messrs Gboyega Aribisogan (Ikole I), Deputy Speaker, Segun Adewumi (Ekiti West I), and Dele Fajemileyin (Gbonyin).

They described the decision by the state government to access the loans as the best way out of the current financial situation.

“If these loans are obtained, it will take care of government campaign promises to the people,” they said in their different contributions to the debate.

Earlier, the Speaker, Kola Oluwawole, had read the two executive letters from the governor requesting the house permission through resolution


http://www.punchng.com/news/ekiti-assembly-approves-fayoses-n19-6bn-loan-request/

One chance, surely it would be more than enough to build stomach infrastructure.

Now the amiable and people loving Governor can continue on with the laudable projects he has embarked upon since he was sworn in!!

WHATEVER.

"For the good of the people, unlike oshiomhole that borrowed $78m, just to buy suit all because of a foreign cvnt", Quote me anywhere.

fayose clearing the mess fayemi piledup. Ekiti kete.

tayebest:


Why forget so easily?? The money was granted to him after his wedding!

"He started wearing suit after his wedding", Quote me anywhere.

OZAOEKPE:
"He started wearing suit after his wedding", Quote me anywhere.

I see!

My ROLE MODEL

Wash

More and more of taxpayer's money entering Fayoses pocket. The probing season will soon be here. Let's be patient.

It's [size=20pt]LadyF[/size] again

chukwudi44:
Now the amiable and people loving Governor can continue on with the laudable projects he has embarked upon since he was sworn in!!

Pa Shukwudi State projects like buying pkomo, plaintain-chips, pepper, etc from road sides and eating bread and akara in bukker right?

OZAOEKPE:
"For the good of the people, unlike oshiomhole that borrowed $78m, just to buy suit all because of a foreign cvnt", Quote me anywhere.

For your mind you don make sense o!

OZAOEKPE:

"Who is oremussanctus?" Quote me anywhere.

OREMUSSANCTUS aka OZAOEKPE aka chilled camel piss and thick ogi, you think you can run ba?

All I saw was;



Ekiti State assembly Approve 19.6 billion Naira Loan for a Mad Man...




Meanwhile, what is Ekiti States Internally generated revenue like currently?

How many decades will it take Ekiti to make 19 billion without Federal Government Alocation from proceeds of Niger Delta oil.

If all Ekiti people sell 1 kidney each, can it generate that type of money?


19.6 billion to buy more rice and share for Ekiti people wey hunger kill.. No jobs created, no economic policy made.. just borrow and chop.




Ekiti is a liability to the Nigerian state.. Give Ekiti state to Cameroon and bring back our Bakassi Penninsula.

A good step in the right direction i'll say; 10 billion @9% for 10years is reasonably viable.


But i urge the man of the people to utilise the fund properly and also avoid white elephant projects.

And also derive methods of increasing the state IGR.



Oshokomole! The man of the people!

The man that makes SAY BARBER Change his diapers very often like a 6months old baby.


God be with u and the people of Ekiti

Okay

A few bags of rice and bottles of kerosene would make the average Ekiti Lawmaker to approve even his own death warrant.

omowolewa:
One chance, surely it would be more than enough to build stomach infrastructure.

The Ekiti people just made fayose richer. God help them.

10 and 20 years repayment plans. Who will be governor then?

chukwudi44:
Now the amiable and people loving Governor can continue on with the laudable projects he has embarked upon since he was sworn in!!

Yes. Laudable projects like sharing stony rice and pigeon sized people to Ekiti people, checking the drivers' licenses of Ekiti motorists, swallowing food everywhere like a dust-bin and drinking fresh palm wine at local bars

Even Wike who sleeps like a tse-tse fly has done more work than Fayose.

Fayose Trending

OZAOEKPE:
"For the good of the people, unlike oshiomhole that borrowed $78m, just to buy suit all because of a foreign cvnt", Quote me anywhere.

orrenmussanctus is that you?

Hw cum dat gonna stop him frm eaten @iya mufu,iya jellili canteen.


Almost a year as a governor he only commission musical instrument wey no worth 300k,even ordinary councilor in my ward fit do dat.

Is a shame dat dis man is frm south-west....

they keep borrowing and u don't see any meaningful project at the end

Hmmmmm




I pray they utilize it well





I pray that my beloved fayose has not lost goals and derails from his mission




I pray the money will be used wisely not to put the future of unborn children in jeopardy.



May God give him wisdom not to backslide.

Hmmmm..

Smh...

Ok

freedom96:
orrenmussanctus is that you?

"Who is oremussanctus?" Quote me anywhere.

Fayose go use the money organise talk show... He is fund of talking too much this days

I hope he use the money well.