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Enugu Assembly approves N30bn loan for Ugwuanyi

By The Citizen
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The Enugu State House of Assembly, yesterday, approved a N30 billion loan request for the executive to facilitate ongoing developmental projects across in the state.

This came on a day the House unanimously passed a resolution, urging Governor Ifeanyi Ugwuanyi to dissolve all boards of parastatals, departments and agencies under the ministries in the state for their abysmal performance in monitoring, evaluating and policy formulation of the departments and agencies under their supervision.

Leader of the House, Ike Ezugwu, representing Udenu constituency, while reeling out prayers contained in the resolution sponsored by 22 other members, said: 'This motion urges the House to approve for the executive to register a N15 billion bond through the United Bank of Africa, UBA, with a 3-year profit plan at the capital market and another N15 billion bridging finance facility with a 12 percent interest in a repayment plan of  seven years, making a total of N30 billion.'