Skip to main content

Amosun gets House’s approval for over N18.9bn loan

By

Ogun State House of Assembly on Wednesday approved Governor Ibikunle Amosun’s request to approach GTBank for N18.9 billion short-term loan meant to offset several months of outstanding deductions ‎and subventions to workers on state and local governments’ payrolls.

It would be recalled that Ogun State government and all 20 local government councils in the state have been lately at loggerheads with the entire workforce over the thrift and co-operative deductions and subventions, giving the excuse of dwindling federal allocations to the states.
Suraj Adekunbi-led Ogun State House of Assembly Wednesday gave its approval to go ahead, as part of Muhammadu Buhari-led Federal Government bailout and receive the short term loan of N18.9 billion, splitting into N9.779 billion for the state workers’ outstanding deductions/subventions and N9.139 billion for their local governments’ counterparts.
BusinessDay reports ‎that the governor’s request for short-term, single-digit interest loan was a follow up to the House Resolution – 008/2015, authorising the restructuring of the commercial bank loans into Federal Government of Nigeria Bonds, which would enable the state to fully participate in the bailout scheme.
The approval was however, granted through a resolution passed after the motion for the passage was moved by the Majority Leader, Adeyinka Mafe, seconded by Oluwasesan Soyebo which was supported by the Whole House.

Comments

Post a Comment

Popular Posts

Learn How To Say Your Name In Sign Language

By
1 Sign "Hi." To do so, make a closed "5" hand shape. Put your thumb on the side of your forehead and slightly pull away. 2 Sign "My". Place your hand on your chest as in when you say the 'Pledge of Allegiance'. 3 Sign "Name." make the "U" hand shapes with your right and left hands. right over left in front of you. and tap your right fingers on the left. Make sure your fingers are erect, like long, low walls, and that they form a sort of "x" shape. 4 Sign your name. Here, you would fingerspell your name. 5 Put it together to sign "Hi, my name is _____." Make sure you keep the order outlined above: The ASL syntax for "Hi, my name is _____" is actually HI, MY NAME _______". There is no need to sign "is".
Post a Comment
Read full story »

Welcome Back Your Lost/Stolen MTN SIM Card By Yourself In Minutes

By
First of all, Go to http://www.mtnonline.com/index.php/welcomeback.html Fill In Your Details In The Online Sim Swap Form: 1. Title: 2. First Name: 3. Last Name: 4. E-mail Address: 5. Birthday: 6. Alternative Number 7. INFORMATION ON OLD LINE: A. (STOLEN / LOST / DAMAGED) B. Was Your MTN Line: Stolen? Lost? Damaged? 8. Enter The Phone Number Of The Stolen/ lost/ Damaged Line 9. LINE OWNERSHIP VERIFICATION (CUSTOMER MUST ANSWER AT LEAST 2 QUESTIONS CORRECTLY) - How Much Credit Did You Load When You Last Recharged? * What 3 GSM Numbers Do You Frequently Dial? Please Insert The Full Phone Number E.g 0803000000 10. INFORMATION ON NEW LINE TO BE USED FOR THE SWAP 11. Please Provide The Number Of The New Line Or Kit Number On The Pack Of The New Prepaid Welcome Back, That You Bought For This Welcome Back/ SWAP. (Phone Number Of The New Line, Starting With 0803 0r 0806 Or 0703 Or 0706 Or 0813 Or 0816 Note That You Will Need To Buy A New Mtn Sim Ard But Don...
Post a Comment
Read full story »