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Ebonyi gets nod for N15bn from capital market

BusinessDay
1 Min Read

The Ebonyi State House of Assembly has given approval to Governor Martin Elechi to secure N15 billion facility from the capital market.

The repayment of the loan will be completed in 84 months.

Chukwuma Nwazunku, the speaker of the House, requested the House to ap¬prove the proposal to obtain the loan after a letter from the governor was read on the floor of the Assembly during plenary by house leader, Sam Nwali.

According to the gover¬nor in the letter, the loan is being sought to complete various ongoing projects embarked upon by his ad¬ministration

 

 

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