Delta group vows to resist fresh ₦120bn loan by Okowa administration | The Guardian Nigeria News - Nigeria and World News

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Delta group vows to resist fresh ₦120bn loan by Okowa administration | The Guardian Nigeria News - Nigeria and World News
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The Students and Former Student Leaders Forum in Delta State has vowed to use all lawful means, including calling out Delta residents to occupy, towards resisting the move by Governor Ifeanyi Okowa to secure another ₦120 billion loan barely four months to the end of his tenure. The Forum said, unlike in the past where […]

The Students and Former Student Leaders Forum in Delta State has vowed to use all lawful means, including calling out Delta residents to occupy, towards resisting the move by Governor Ifeanyi Okowa to secure another ₦120 billion loan barely four months to the end of his tenure.

The facility, according to the report, would see Premium Trust Bank provide ₦100 billion while Fidelity Bank would provide the balance of ₦20 billion, which if approved will balloon the state’s debt profile to over ₦480bn, a move that has generated reaction amongst critical stakeholders across Delta.

“We know that Governor Okowa faced with an impending rejection and defeat at the poll wants to plug the state into further debt to prosecute his ill-fate Vice Presidential ambition which to all intent and purpose is dead on arrival.

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