x

Lagos House of Assembly approves N250bn loan for capital projects

By Our Reporter

The Lagos House of Assembly on Friday granted approval for Gov. Babajide Sanwo-Olu to access a loan of N250 billion for capital projects in the state.

The approval followed the report submitted by the Chairman, Committee on Finance, Mr Rotimi Olowo, which recommended the N100 billion bond loan and N150 billion syndicated loan.

Speaker of the House, Mr Mudashiru Obasa, noted that the approval for the loan was granted to bridge the huge infrastructural gap in the state.

Obasa, therefore, directed the Clerk of the House, Mr Azeez Sani to communicate the approval to the governor. (NAN)

Hot this week

Group Presses Nasarawa Assembly for Speedy Passage of Climate Change Bill

y Leo Zwanke, LafiaThe Nasarawa State Network on Environment...

Security: Wike Lights Up Abuja Districts, Flags – Off integrated Solar Lighting Project

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nyesom Wike, on...

Breaking! Appointments Scandal Rocks Investments and Security Tribunal

There are indications that there be crisis in at...

Interfaith Mediation Centre to Host October 2025 Climate Hangout in Kaduna

**By Achadu Gabriel, Kaduna**The Interfaith Mediation Centre (IMC) is...

Arsenal Hand Goalkeeper David Raya Improved Contract

Arsenal have rewarded Spanish goalkeeper David Raya with an...

Countdown to 2027: Tinubu to Appoint New INEC Chairman This Week

President Bola Ahmed Tinubu has officially accepted the exit...

CBN committed to economic stability, clears $7bn FX backlog- Cardoso

By Ogenyi Ogenyi,UyoThe Central Bank of Nigeria,CBN, has...

Benue Not Among Worst Governed States in Nigeria — Gov Alia’s Aide Replies GGRI

By Isaac Kertyo, MakurdiThe Technical Adviser to the Benue...

Nasarawa Governor, Ministers Commend NCDC at Policy Review Retreat in Lafia

By Israel Adamu, JosThe Minister of Regional Development, Engr....

Related Articles

Popular Categories

spot_imgspot_img