Governor Ahmadu Fintiri of Adamawa State on Tuesday requested the State House of Assembly to approve N17 billion loan to finance critical development
Mr Fintiri in three sperate letters to the assembly sought approval to enable the executive to obtain the loans from two commercial banks as well as the restructuring of an existing term loan overdraft to the tune of N7.3 billion.
“The said loan according to the executive would be used to finance critical development projects across the state. The News Agency of Nigeria reports that the loan facility was at the instance of the Central Bank of Nigeria and extended to the 36 states of the federation and FCT to curb COVID-19 pandemic.
Meanwhile, a bill to amend Adamawa State University, Mubi, Law No. 10, 2001, to incorporate state character in the employment, admission and the general administration of the university scaled second reading. After various contributions on the bill by the lawmakers, the speaker constituted an ad-hoc committee to handle the matter and report back to the house within two weeks.
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