Twenty five Lawmakers of the Rivers State House of Assembly, have unanimously approved the request by the State Governor, Nyesom Wike, to apply for N18 billion loan facility from Access Bank, for the construction of the fourth flyover bridge in Port Harcourt, the State Capital and other projects.
The request earlier sent by Wike, was tabled on floor of the Rivers State House of Assembly on Monday, and read by the Speaker of the House, Rt. Hon. Ikuinyi Owaji Ibani, during plenary. Wike, in his letter said the loan, which will be fully repaid before the end of his tenure in 2023 will be serviced by the internally generated revenue of the state.
He explained that the loan will accelerate development in the State, take care of the construction of the fourth flyover at GRA junction, dualization of the Mummy B to Stadium road, dualization of Tombia to Ikwerre road and payment of facilities and properties to be destroyed in course of the projects. The house thereafter, adjourned to 18th August, 2020.
