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Tag: 5bn Naira loan

Uzodimma’s 5b naira loan not for vehicles’ but for infrastructural development – Govt Source

Uzodimma’s 5b naira loan not for vehicles’ but for infrastructural development – Govt Source

Politics
Contrary to the believe and impression in many quarters that the 5B Naira loan recently sought by Gov. Hope Uzodimma through the State House of Assembly was to be used for the purchase of vehicles for certain Government functionaries and higher-level civil servants, the said bulk fund was essentially earmarked for critical infrastructural development in the state.A top Government source who spoke to Nigerian Newsguide against the backdrop of the controversies the 5B Naira loan have generated in the state described the purveyors of such flying news as harbingers of fake news and unpatriotic media handlers who are neck-deep in sensationalism and anti-development tendencies.Specifically, the source hinted that the said loan was solely for roads, public water and other critical public utiliti...