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Gov. Ifeanyi Okowa of Delta StateThe Delta State House of Assembly ( DTHA) has at plenary session  approved the sum of N12 billion Bridging Finance facility from Zenith Bank Plc for the state government.
The lawmakers said the bridging finance credit was inflow from the Federal Government of Nigeria (FGN) through the Central Bank of Nigeria (CBN).
The Majority Leader of the House, Hon. Chief Ferguson Onwo who  moved the motion for the approval  of loan said it was to cushion the effect of resumption of repayment of the Federal Government Intervention facilities on expiration of the forbearance period.
The Speaker of the House, Hon.Rt. Sheriff Oborevwori said the request for the approval of the loan was sequel to a letter from the state governor, Senator Ifeanyi Okowa.
According to the speaker, the bridging finance sum was to be received in six equal consecutive monthly installments of N3, 037, 556, 017.28 billion.
Oborevwori added that, it was to defray arrears of unpaid certificates earned by contractors with respect to completion of some critical ongoing legacy projects awarded by the administration.
He explained that the fund will  also be good for the administration to take advantage of the subsisting dry season to galvanise contractors towards completing and achieving significant milestone in ongoing project.
He said the request became necessary to secure bulk funds at minimal cost, pending complete receipts of the FGN bridging finance credits in May 2022. 
“The state Executive Council (EXCO) at its first meeting, held on Thursday, January 20, 2022 , considered and approved that the state government obtain N12 billion facility from Zenith Bank Plc , against the expected FGN – CBN monthly inflows within the specified period”, he said.


South-South APC Youth Leaders pass vote of confidence on Mala Buni committee


By: Idris Umar Momoh, Benin Feb 16, 2022 The South-South zonal Youth Leaders of the All Progressives Congress (APC) have passed a vote of confidence on the governor Mai Mala Buni-led National Caretaker Committee of the party. Gabriel Iduseri,  the APC, South-South zonal Youth Leader passed the vote of confidence on the governor of Yobe state on Wednesday at the zonal APC dialogue with support groups, social media influencers and young stakeholders in Benin City. The meeting had in its theme, “Winning Attitude. Repositioning the APC Ahead of 2023”. “I wish to use this medium to pass a resounding vote of confidence on the APC National Caretaker Committee. I wish to thank the national chairman, Governor Mai Mala Buni of Yobe State for his calmness and dissipation of valour in stirring  the ship of this great party”,he said. Iduseri, also commended the youths of the party for their undaunted sacrifices, for standing tall in the face of daunting challenges foREAD MORE


BY: IDRIS UMAR MOMOH, BENIN The Academic Staff Union of Universities (ASUU), Ambrose Alli University (AAU) Chapter on Wednesday said it will join other public universities in the country to embark on strike with a view to compelling the Federal government to sign the renegotiated 2009 FGN/ASUU agreement and meet other demands of the union. The body made the remark during its mobilization and sensitization congress held at the university premises in Ekpoma, Edo State.  A statement signed respectively by Cyril Ozeigbe Onogbosele, chairperson and William Odion, general secretary and made available to newsmen in Benin City said  the union’s demands were contained in the various relevant Memorandum of Understanding (MoU) and Memorandum of Action (MoA) the Federal Government entered into with the Union.  The statement said the university lecturers at the congress expressed strong resolve and readiness to join their colleagues in other public universities in the strike to compel the GoverREAD MORE

Edo Govt apologizes to protesting college of education students

—– Blames protest on communication gap By: Idris Umar Momoh Edo State government has apologised to the students of College of Education, Igueben over the last week peaceful protest carried  out by the students which paralysed activities at the school.  Joan Osa-Oviawe, the state commissioner of education, tendered the apology during a meeting with the students union leaders and the acting provost of the institution at the weekend in Benin City. Oviawe, who described the protest as unfortunate, however, attributed it to communication gap between the state government and the school management. While noting that the students have a right to be angry, she added that the action by the state government to close down the school for proper restructuring and reformation of the colleges of education system in the state  was not to destroy the education of the students but to lay solid educational foundation for the future students of the school. She promised that the students will henceforthREAD MORE Powered by BloggerTheme images by Michael ElkanDAILYNEWSFOCUSNGRVISIT PROFILE


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