Tension as Kogi governor moves to obtain $500m loan

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There is unease in Kogi State over moves by Governor Yahaya Bello’s administration to raise a $500 million foreign loan for debt consolidation and execution of some infrastructural projects.

The details of the projects were still sketchy last night.

It was learnt that the state government is seeking the lifeline without passing through the National Assembly.

The state was said to be discussing options with the Federal Ministry of Finance on how to source such a huge capital outside the National Assembly.

According to investigation by our correspondent, the facility is being coordinated…



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