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Amid dwindling revenue, Yobe Assembly okays N5bn loan for govt

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The Yobe State Home of Meeting has handed a decision to allow the state authorities to acquire a N5m billion mortgage for the electrification and provision of potable water on the 2,350 housing items underneath development within the state.

The Home handed the decision after it had adopted the report of its Standing Committee on Housing and that of Finance and Appropriation on the movement requesting the decision on the mortgage facility.

Whereas shedding extra mild on the mortgage, Chairman, Home Committee on Housing, Hon. Abdullahi Adamu Bazuwa, stated the mortgage shall be obtained from Household Houses Funds Restricted, assuring that the mortgage is not going to have an effect on the federal government’s actions reminiscent of cost of salaries amongst others.

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Recall that, the manager arm of presidency had, over the past plenary session, introduced a request searching for the Home’s decision on the mortgage.

Additionally within the plenary, the Home has handed one other decision to allow the state authorities to entry the Central Financial institution’s Bridging Finance Intervention of N18 billion to cushion the results of compensation of Federal Authorities intervention services.

In one other improvement, the Home has confirmed the appointment of Khadi Baba Gana Mahdi as substantive Grand Khadi of the state Sharia Courtroom of Enchantment.

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