By Itam Offor
The House of Assembly has approved the request of the State Government to access a loan facility of 5billion Naira from the First Bank of Nigeria PLC.
The House gave the approval in a motion moved by the Leader Rt. Hon. Peter Odey and seconded by his Deputy Rt. Hon. Fred Osim after deliberating on a letter signed by Dr Innocent E. Eteng Permanent Secretary Governor's office, which conveyed the Governor's request for the Assembly's resolution to access the loan offer.
The letter indicated that the state Government; "has been unable to meet its financial obligations with respect to payment of pension and other unforeseen obligations due to paucity of funds and dwindling statutory allocation from the federal Government".
In their deliberation, Members noted that the loan will alleviate the plight of pensioners as well as assist the state Government continue the ongoing projects across the state. Members expressed confidence that Governor Ayade will use the requested funds judiciously.
The Speaker, Rt Hon. Eteng Jonah Williams noted that the preponderance of Members' opinion supported the resolution and directed the clerk of the House, Barr Bassey Ekpenyog to convey the Assembly approval to the Governor.
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