The Edo State House of Assembly has approved a ₦100 billion loan request from Governor Monday Okpebholo to finance key infrastructural developments across the state.
The approval came on Tuesday, June 24, after the governor, through a letter addressed to Speaker Blessing Agbebaku and signed by Secretary to the State Government Umar Ikhilor, formally requested legislative backing for the facility.
Titled “Request for Legislative Approval of ₦100 Billion”, the letter explained that the contractual loan would be sourced from First Bank Nigeria Plc and was intended to support contractor financing for various infrastructure projects in Edo.
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During the Committee of the Whole, lawmakers gave unanimous support for the request, stating that the funding was necessary to complete ongoing projects across the state.
Following the resolution, Speaker Agbebaku directed the Clerk of the House, Yahaya Omognai, to transmit clean copies of the approval to the governor for immediate action.