News

Edo State Receives Senate Approval For $75 Million Loan

The Edo state government has received Senate approval for a loan facility of $75 million following a request by President Muhammadu Buhari for the Senate to approve World Bank’s Development Policy Operation loan for Edo State.

The request was forwarded to a committee led by Kabiru Gaya (APC Kano) for consideration before receiving approval today after agreeing that Edo state meets the requirement for receiving the loan facility.

The sum of $75 million dollars loan is the second tranche of a $225 million dollar Development Policy Operation loan approved for the state by the World Bank.

Leave a Comment