Okowa to take N25 billion loan for oil palm
The Delta House of Assembly on Tuesday approved a request by Governor Ifeanyi Okowa to take a N25 billion loan for oil palm production.
The governor’s request was contained in a letter read at a plenary session by the Speaker, Sheriff Oborevwori.
Mr Okowa explained that the loan to be taken at the First City Monument Bank Plc would develop 17,345.5 hectares of palm plantation, designed to take advantage of CBN’s oil palm development initiative.
Motion for the approval of the governor’s request was moved by the majority leader of the parliament, Ferguson Onwo, and seconded by the minority leader Innocent Anidi.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Enugu suspends three monarchs, four others for alleged security breachesÂ
The commissioner explained that the alleged conduct was contrary to Governor Peter Mbah’s zero-tolerance policy on insecurity in Enugu State.
Lagos
LASTMA rescued 200 victims across 500 road crashes in three months: General ManagerÂ
Mr Bakare-Oki further advised residents to postpone non-essential trips during periods of heavy rainfall and flash floods to ensure their safety.
Showbiz
Wizkid, DJ Mustard, Tyla, others to perform at BlastFest July 18
The ‘Piece of My Heart’ crooner added that he would also perform at Trillville, also known as Tribeville Festival Deluxe in Minneapolis on July 24.
Abuja
Abuja man ordered to sweep court premises for one day over phone theft
The police said the offence contravened the provisions of Section 288 of the Penal Code Law.
Showbiz
Asake announces ‘In God We Trust’ Europe, North America tour
His hit song ‘Amapiano’ was nominated for the Best African Music Performance category at the 2024 Grammy Awards, despite being sung mainly in Yoruba.
