spot_img
spot_imgspot_img
May 15, 2026 - 10:25 PM

N150bn bridging finance not loan – Okowa

—

Governor Ifeanyi Okowa of Delta State has said the N150 billion “Bridging Finance” facility was not a fresh loan but an advance from the N270 billion owed the state by the Federal Government.

Okowa stated this on Thursday at the quarterly media briefing at the Press Centre, Government House, Asaba.

He said that the N150 billion had been tied to projects embarked upon by his administration and his predecessor, explaining that the reason people questioned the approval of the facility by the House of Assembly was due to lack of information.

He pointed out that his administration would not take any decision that jeopardise the peace, unity and overall transformation of the state.

Okowa used the forum to debunk rumour of endorsement of any aspirant in all elective positions ahead of 2023 general elections, promising that the primaries of Peoples Democratic Party (PDP) would be fair, transparent and credible.

“I have not endorsed any aspirant for any elective positions in the forthcoming general elections in the country. We shall provide a free, fair, transparent and credible party primaries,” the governor said.

On the allegation that he hijacked the list of delegates, he described it as the handiwork of mischief makers, stressing that those who were out to derail the process did not succeed.

For those criticising the policies and programmes of his administration, Okowa advised them to be factual, and assured that nothing would derail him from fulfilling all his electioneering campaign promises.

Meanwhile, the governor cautioned political office holders to, at all times, speak truth to power irrespective of party affiliation.

He said the allegation of N2 billion allegedly spent on political appointees was untrue, and dismissed the statement as “most unfortunate”.

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Share post:

Subscribe

Latest News

More like this
Related

It’s a Shame for the Nation— Rep Member, Peter Ozukwe Raises Alarm Over Tinubu’s Mounting Debt, Unfunded Budget

Federal lawmaker representing Nnewi North/Nnewi South/Ekwusigo Federal Constituency, Hon....

EFCC Arraigns Blessing CEO After Cancer Controversy, Alleged ₦36m Fraud

Social media influencer and relationship commentator Blessing CEO has...

Prince Isaac Fayose Mocks PDP Crisis as Jonathan and Makinde Rumours Fuel 2027 Talks

Nigerian social media commentator Prince Isaac Fayose has stirred...
Join us on
For more updates, columns, opinions, etc.
WhatsApp
0
Would love your thoughts, please comment.x
()
x