The Enugu State House of Assembly has approved a N15 billion loan request by Governor Ifeanyi Ugwuanyi from the Central Bank of Nigeria (CBN).
The loan request was contained in a letter to the house read by the Speaker, Chief Edward Ubosi, during Thursday’s plenary.
Ubosi said the loan would be used to finance infrastructure development in the state.
He said that government was finding it difficult to finance infrastructural projects due to the current economic challenges.
The speaker said the facility, which would domicile in United Bank for Africa, had 10 years repayment plan of nine per cent per annum, with 12-month moratorium.
According to the letter, the CBN infrastructure finance loan, when accessed would assist in carrying out major infrastructural projects across the state.
Contributing, Mr Paul Nnajiofor, representing Nkanu East, said the loan was not contentious as it would help the state government to fulfill its promise to the people.
Nnajiofor said that he supported the loan, considering that it was tied to the completion of the ongoing projects in the state.
Others opined that the loan became necessary to enable the current administration to complete ongoing projects and also initiate new ones.
Meanwhile, Ugwuanyi, on Thursday, visited survivors of the road accident in Enugu Metropolis involving an articulated vehicle and tricycles.
This is contained in a statement in Enugu by the governor’s media aide, Mr Louis Amoke.
He said Ugwuanyi visited the scene of the accident on receiving news of the unfortunate accident at Nza Street, Independence Layout, Enugu, on Thursday evening.
Ugwuanyi, who was accompanied by his deputy, Mrs. Cecilia Ezeilo, thereafter proceeded to Posh Hospital, New Haven, Enugu, where the survivors were taken for medical attention.
There, he sympathised with the survivors and ensured that they receive adequate medical attention.
The governor pledged to pay all medical bills and made fund available to the hospital management, to ensure that the survivors were treated without any hindrance.
He condoled with the families of those who lost their lives in the accident and thanked those who rescued and brought the survivors to the hospital.
