The loan among other things, is aimed at stimulating internally generated revenue.
Presenting the report, the Committee Chairman, Shehu Sani, said the fund for DPO from the World Bank was proposed to finance important programmes of Niger State Government. Mr Sani said the committee in its finding discovered that the credit facility had an attractive low financing data of 1.25 per cent interest; moratorium of five years and a 25 year maturity tenure.State has a total debt stock of $232.1 million.
How local are your sources of repayment?
Na oil money dem go take pay back o not their own internally generated revenue which is why accountability for spending this loan will be zero.
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