BUSINESS

VIDEO: We’re Financially Enlightened Govt, Not Jumping At Any Loan — Gov. Otti

Abia State Governor, Dr. Alex Otti has described his administration as financially enlightened, noting that it is not interested in jumping at any loan that comes its way.

The governor in an interaction with journalists in Umuahia said the state has been receiving offers for loan from commercial banks within but has not drawn on any of them.

He further revealed that the state has approval for loans from Islamic Development Bank to the tune of $125m.

Additionally, the governor said the African Development Bank (AfDB) has approved another loan for the state, stating that their documentation will be signed and later accessed by the state.

READ ALSO: Geometric Power Project: Some Communities In Aba Enjoy Regular Power, The Rest Should Be Patient — Gov. Otti [VIDEO]

He denied allegation by opposition that the state has secured N145bn loan, saying there is no truth in such allegation.

Sponsored

He called on the “authors of this garbage” to apologize for deceiving Abians

Abia State Governor, Dr. Alex Otti has described his administration as financially enlightened, noting that it is not interested in jumping at any loan that comes its way.

The governor in an interaction with journalists in Umuahia said the state has been receiving offers for loan from commercial banks within but has not drawn on any of them.

He further revealed that the state has approval for loans from Islamic Development Bank to the tune of $125m.

Additionally, the governor said the African Development Bank (AfDB) has approved another loan for the state, stating that their documentation will be signed and later accessed by the state.

He denied allegation by opposition that the state has secured N145bn loan, saying there is no truth in such allegation.

He called on the “authors of this garbage” to apologize for deceiving Abians

SPONSORED
ABN TV EDITOR

ABN TV is one of the most visited news platform across Nigeria and the world over. It has carved a niche for itself in delivering authentic, accurate news.

Recent Posts

Again, Crisis Breaks Out In Rivers Assembly As Pro-Fubara Lawmakers Elect Factional Speaker

The member representing Bonny Constituency in the Rivers State House of Assembly, Hon. Victor Oko-Jumbo,…

1 hour ago

Cybersecurity Levy: Peter Obi Hits FG, Alleges Plan To Milk A Dying Economy

The presidential candidate of the Labour Party (LP) in the 2023 general elections, Mr Peter…

3 hours ago

Gov. Otti Flags Off Reconstruction Of Osisioma-Ekeakpara Road, Pledges To Restore Aba’s Lost Glory (Photos)

In a bid to revive the economic fortunes of Aba, Governor Alex Otti has flagged…

4 hours ago

Gov. Otti Sends Judicial Service Commission Nominees For Screening [See List]

Abia State Governor, Dr. Alex Otti has approved the re-constitution of the members of the…

5 hours ago

TUC Threatens Nationwide Strike Over Cybersecurity Levy

The Trade Union Congress (TUC) has threatened a massive protest that will shut down the…

6 hours ago

Abia Assembly Candidate, Ike Okorafor Dumps APGA

The candidate of the All Progressive Grand Alliance (APGA) for Arochukwu State Constituency of Abia…

8 hours ago