Rivers Assembly Approves N10b Loan For Wike | Independent Newspapers Limited
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Rivers Assembly Approves N10b Loan For Wike

Posted: Jun 12, 2015 at 6:50 am   /   by   /   comments (0)

By Daniel Abia  – P/Harcourt


The Rivers State House of Assembly on Thursday approved a loan of N10 billion requested by the Governor, Nyesom Wike, for the execution of some vital projects in the state.

Similarly, the House summoned the Ministry of Health to appear before the Ad Hoc committee of the House over the raging scourge of Ogogoro drink (locally brewed dry gin), which has so far claimed more than sixty lives in the state.

The approval for the loan was made yesterday, following a letter sent to the House by the governor to enable the state government fund some vital projects.

Twenty-eight lawmakers voted in favour of the approval, saying that the request was important, owing to the fact that the former administration of Governor Rotimi Amaechi left empty treasury for the new government.

Speaker of the House, Hon Ikuinyi Ibani, in his address, stated that no government could survive without funds.

Ibani, in his explanation on the loan, said the Assembly would not engage in frivolous approvals, but would give assent to issues that were transparent and could be accountable.

According to him, the N10 billion loan facility would be gotten from Zenith Bank and repaid through Valued Added Tax (VAT).

“He (Wike) cannot do that without cash back. No government runs without financial base. We must provide succor for our people, so that they can begin to see changes between yesterday and today.

“This Assembly will not engage in frivolous approval and resolutions. As an Assembly, we have the responsibility to know what the funds sought for, were meant for”.

Meanwhile, the House has invited the Ministry of Health over the reported case of deaths emanating from the consumption of Ogogoro in the state and efforts put in place to curtail the further spread of its consumption.

Leader of the House and sponsor of the motion, Martins Amaewhule, raised the alarm that the local gin had claimed over 60 lives in the state, and called for an urgent intervention to forestall the menace.

Also, the House has committed the High Court Amendment Law 2015, to an ad hoc committee to conduct a public hearing on the issue.