Kwara Assembly okays Ahmed’s N2bn loan request The Kwara State House of Assembly on Tuesday granted the request of the Governor, Alhaji Abdulfatah Ahmed, to source for N2bn loan from Micro, Small and Medium Enterprise Development Fund of the Central Bank of Nigeria . The Deputy Speaker of the House, Prof Gana Yissa, who presided over the plenary in Ilorin, said the lawmakers had approved Ahmed’s request. Yisa said, “This approval of the governor’s request is very necessary in view of the great opportunity therein.” He advised Ahmed to use the fund judiciously and for the intended purpose. The Deputy Speaker directed the Clerk of the House, Mr. Oyetunde Oyeniyi, to inform Ahmed of the approval of his request. Our correspondent gathered that Ahmed had in his letter of request said the state government had on August 19, 2014 signed a Memorandum of Understanding with the CBN on how to boost small and medium scale enterprises in the state. He stated that the approval of the benefiting states was part of the requirements to access the fund, adding that other state governments were already utilising the fund for the benefit of residents of their states. He said the state government would provide Irrevocable Standing Payment Order for the beneficiaries of the loan.
Posted on: Wed, 22 Oct 2014 05:36:49 +0000
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