DELTA ASSEMBLY APPROVES N600M HOUSING FACILITY FOR OKOWA
A N600 million revolving bank guarantee loan from United Bank of Africa UBA, has been passed by the Delta State House of Assembly, as requested by Governor Ifeanyi Okowa.
The loan is to facilitate the take-off of the construction of 10,000 housing units in Illah, Oshimili North Local Government Area of the state, as part of government’s effort to address the housing needs of the people, particularly low income earners.
The resolution was sequel to the conclusion of debate on the merits of the request during Tuesday’s plenary presided over by the Speaker, Chief Sheriff Oborevwori.
The governor had in his letter read on the floor of the House by the Speaker, requested for the House resolution on the state executive council’s approval for a N600 million revolving bank guarantee from UBA.
Governor Okowa who said he was desirous to bring a lasting solution to the biting residential housing deficiency in Asaba, especially among civil servants, noted that the state government had entered into partnership with Greenfield Assets Limited and her partner, Lafarge Holcim Africa Plc, for the construction of the 10,000 housing units in Illah.
The governor disclosed that the state government had already signed a memorandum of understanding since February 2016, adding that government had met some of its obligations.
VANGUARD NEWS
