The State House of Assembly has granted approval to the State Government to accept the offer of a credit facility of 10.2 Billion Naira from First Bank Nigeria PLC for the maintenance and rehabilitation of roads.
The House resolved that, upon the commencement of the facility, updates of the road rehabilitation should be laid before it for scrutiny while its relevant committee will diligently oversight and monitor the implementation process.
The House adopted this resolution sequel to the report of the Chairman, House Committee on Finance and Appropriation, Hon Cyril James Omini(Yakurr 1).
Omini recalled that, the Assembly had, at its sitting on 21st February, 2024, received a request for legislative backing to authorize the State Government to access a credit facility from the First Bank.
According to Omini, the request, which was signed by the Secretary to the State Government, Prof Anthony Owan Eno, was forwarded to his committee for detailed consideration and interface with relevant stakeholders including the Accountant General and Debt Management Office.
He said, the Committee recommended, amongst others, that; the State Government needed to obtain the loan to ameliorate the decay in public infrastructure, particularly the rehabilitation and maintenance of roads in Calabar metropolis adding that the contracts were awarded to Messrs Faith Plant Global Services and Zeka Global Company Ltd.
The House adopted the recommendations of the Finance and Appropriation Committee as its resolution in a motion moved by Deputy Majority Leader, Rt Hon Davies Etta(Abi) and seconded by Member representing Akamkpa 2 State Constituency, Hon Linus Bassey Etim.
Earlier, during the sitting of the 21st, February 2024, Members had expressed satisfaction with the ongoing rehabilitation of roads within Calabar metropolis. They commended Governor Otu’s commitment to returning the State Capital to its clean and green days. They urged the government to extend the rehabilitation of roads to all local government areas of the State.
