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JUST IN: Enugu State Assembly Approves N170bn Loan Request by Governor Peter Mbah

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The Enugu State House of Assembly has approved a N170 billion loan requested by Governor Peter Mbah to execute major projects in the state.

The Speaker of the Assembly, Chief Uche Ugwu, said the loan will be sourced from Fidelity Bank and Globus Bank. He explained that the BGL will serve as a guarantee payment for contracts issued to the contractors, China Civil Engineering Construction Company and others for the execution of projects to be undertaken by the state government.

 

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