The Kogi State Governor, Alhaji Yahya Bello has said that the state decided to borrow an extra 100 million dollars in order to fast track the social-economic development of the state.
The governor who spoke through the Commissioner for Finance, Budget and Economic Planning, Asiwaju Idris stated this on Wednesday in Lokoja while briefing newsmen after the Executive meeting of the state government.
According to him, there was no cause for alarm over the intended debt as the state is buoyant enough to sustain its present and expected debts.
Governor Bello said the state has already paid a visit to the Senate to defend its need for the 100 million dollars which when released will be channelled towards developing the Staple Crop Processing Zone, SCPZ in Alape, Kabba Bulnu area of the state.
“The 100 million dollars when accessed will be used to build roads, improve electricity and other social amenities within the Alape Crop Processing Zone.
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