Home People & Power Reps decline $350m loan by Ogun govt.,,,,May approve $200m for Enugu, Plataeu,...

Reps decline $350m loan by Ogun govt.,,,,May approve $200m for Enugu, Plataeu, others

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The House of Representatives Committee on Aids, Loans and Debt Management  on Wednesday declined a loan request of $350 million by the Ogun State Government, saying that it was not tied to specific projects.

While turning down the request, the lawmakers insisted that such amount must be tied to the execution of projects in the state.

The decision followed the outcome of an interactive session between the lawmakers and the state officials.

The loan facility, according to the State Commissioner of Finance, Mr. Adewale Osinowo, was meant to stimulate commercial and industrial activities of the government in the state.

He explained that with the facility, the state government would be focusing on acquisition of vocational skills and promotion of adult literacy for the citizenry.

He further told the lawmakers that it would help raise the revenue base of the state to N15 billion annually.

However, the lawmakers picket the too government officials saying it that it is outrageous and  would ‘ve a huge funding gap in the state.

Chairman of the House Committee Hon. Adeyinka Ajayi said the loan was not captured in the 2017 Appropriation Bill passed by the State House of Assembly

He however assured that the request is still be appraised as consultation are ongoing on it.

In separate contributions, Hon .Dennis Agbo (Enugu, PDP) and Hon. Sarki Adar Musa (Sokoto APC said that it was outrageous and lacked focus.

Agbo said it was outrageous loan compare to what other states requests are.

Adah on his own part said it was shameful for a rich states such Ogun, Lagos and Rivers to ask parliament for loan noting that they are up in Internally Generated Revenues.

The Committee later considered loan request as put forward by Plateau ($50 M) and Ondo ($57m) among other states of the federation.

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