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Ebonyi State Government Denies Borrowing N111.24bn From World Bank And IMF
Ebonyi State Government Denies Borrowing N111.24bn From World Bank And IMF....KINDLY READ THE FULL STORY HERE▶
The Ebonyi State Government has refuted claims that it borrowed N111.24 billion from domestic and foreign financiers within its first six months in office. Dr. Leonard Uguru, the Commissioner for Finance, clarified that Governor Francis Nwifuru’s administration has not engaged in borrowing from either internal or foreign creditors since assuming office on May 29, 2023.
Uguru’s response comes in light of a report by the Debt Management Office (DMO), which indicated that Ebonyi State, under Nwifuru’s leadership, was among 17 states that secured a loan of $125.1 million (equivalent to N111.24 billion) from the World Bank and International Monetary Fund.
According to the report, Ebonyi State’s external debt stands at $37.54 million.
The commissioner emphasized that Ebonyi remains the least indebted state in both domestic and foreign debt categories within the South East region. He acknowledged a pre-existing debt of $150 million from the Africa Development Bank and Islamic Bank, inherited from the previous administration for the reconstruction of Ring Road. However, he justified this debt, citing the road’s significance in connecting various local government areas.
Uguru reiterated the state government’s commitment to human capacity development, with plans underway for the second phase of a one billion naira empowerment program benefiting 500 hawkers. He encouraged investors to leverage the peaceful environment and business-friendly policies introduced by Governor Nwifuru’s All Progressives Congress administration for investment opportunities in the state.
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THE ULTIMATE LEGAL SHOCKER: 68 Elite Lawyers Handed Prestigious SAN Ranks In Historic Overhaul!
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Selection and Composition: The Legal Practitioners’ Privileges Committee (LPPC) approved 68 lawyers for the rank of Senior Advocate of Nigeria (SAN) during its 174th plenary session in Abuja, consisting of 67 advocates and one academic, Prof. Nnamdi Onyeka Obiaraeri.....KINDLY READ THE FULL STORY HERE▶
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Leadership: The session was presided over by the Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun.
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Mandatory Requirements: Successful candidates are required to attend and pass a Pre-Swearing-In Induction Programme, and they are strictly prohibited from publishing congratulatory advertisements or goodwill messages to avoid professional sanctions.
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Swearing-In Date: The formal swearing-in ceremony for the newly appointed SANs has been scheduled for Monday, October 12, 2026.
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Campaign Promise: During the Imole Campaign Council tour in Erin-Osun and Ilobu, Osun State Governor Ademola Adeleke pledged to deliver even greater achievements if re-elected, stating that his administration has successfully fulfilled the governance promises made during the 2022 campaign.....KINDLY READ THE FULL STORY HERE▶
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Stakeholder Endorsement: Former Deputy Speaker of the House of Representatives, Lasun Yusuf, expressed confidence in Adeleke’s leadership on behalf of local stakeholders and predicted an overwhelming victory in the upcoming August 15 governorship election.
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Traditional Support: The Elerin of Erin-Osun, Oba Yusuf Adekunle, offered prayers for Adeleke’s re-election and expressed belief that the community will renew his mandate to continue transforming the state.
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THE SHOCKING TRUTH: Ruger Spills The Tea On Why A Woman’s Wealth Means Nothing To Him!.
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Wealth and Relationship Views: Nigerian Afrobeats singer Ruger stated that a woman’s financial background is irrelevant to him because he is already wealthy, admitting he has previously dated women who were unemployed and lazy.....KINDLY READ THE FULL STORY HERE▶
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Ideal Partner: When describing his preferences, Ruger mentioned that his ideal partner must have a good sense of humor.
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Desire to Settle Down: The singer expressed a wish to settle down in the near future, explaining that he is tired of constantly ordering takeout food with no one at home to cook for him.
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Missed Movie Opportunity: Ruger shared his regret over missing a direct message from actress and producer Funke Akindele, who had previously invited him to star in one of her blockbuster films.
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Last Opportunity: He discovered the message too late and admitted that missing the chance to collaborate still causes him pain.
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