ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Wednesday, April 14, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Kogi Governor, Yahaya Bello

Kogi Governor, Yahaya Bello

Kogi Assembly approves N4bn loan for establishment of rice mill

byAgency Report
October 5, 2017
2 min read
ADVERTISEMENT

The Kogi State House of Assembly on Thursday approved for the state government to secure N4.017 billion loan for the establishment of a 50-ton rice mill at Omi-Dam, Yagba.

The News Agency of Nigeria (NAN) reports that the approval was sequel to the adoption of a letter from the Executive, seeking a resolution of the House in respect of “Irrevocable standing payment order.”

The letter, signed by Governor Yahaya Bello, was read by the Speaker of the House, Matthew Kolawole, at the plenary.

According to Mr. Bello, the loan is necessitated by the paucity of funds and government’s resolve to involve private organisations in the development of the state.

“In our bid to attain food sufficiency, job creation and increase our internally generated revenue, Kogi Government has partnered with Agri Integrated Africa Services Ltd. to build a 50- ton rice mill in Omi,” he said.

“Due to paucity of fund and our resolve to involve private organisations in developing the state, we have paid 10 per cent of the total cost of over N4.46 billion.

“Agri Integrated Africa Services Ltd will source for the balance of N4, 017 billion which represents 90 per cent of the total cost to be paid back in 36 equal instalments of N111.584 million.”

Oluwatoyin Lawal (APC-Yagba West) and Sunday Shigaba (PDP-Bassa), in their submissions said the Omi Dam was a federal project that had been lying fallow for some time.

They, however, said state government’s initiative to partner with a private company to establish a rice mill at the location was a good one.

RelatedNews

Ramadan 2021: Sultan asks Nigerian Muslims to commence fasting

Pantami threatens legal action over allegation of Boko Haram link

VIDEO: How Alkali was selected as new IGP – Dingyadi

Presidency attacks Bishop Kukah over critical Easter message

The two members also said that the project deserved the appellation and support of the House to actualise the initiative.

Also in their contributions, Friday Ali (PDP-Ofu) and Hassan Abdullahi (APC-Dekina-Okura) said the project would increase rice and agricultural production in the state, create jobs and boost the state revenue profile.

Members, however, stressed the need for a process of employment that would be spell out modality to cover indigenes of the state as the people of the state await the establishment of the rice mill.

Dangote adbanner 728x90_2 (1)

Mr. Kolawole, therefore, adopted the motion, following an overwhelming support by the House.

(NAN)

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (2)
premiumtimes



PT Mag Campaign AD

Previous Post

Mob kill police inspector in Adamawa for allegedly shooting passenger

Next Post

Delta probes Paris debt refund spending

Agency Report

Agency Report

More News

FCT: Abuja City Gate.

Abuja authorities announce date for re-commencement of ‘Park and Pay’ policy

April 13, 2021
Nigerian Police officers on duty [Photo credit: Today.ng]

Nigerian policeman dies in gun battle with suspected kidnappers – Official

April 13, 2021
Plateau State University, PLASU TETFund

Security forces foil kidnap attempt at Plateau State University

April 13, 2021
APC National Secretariat in Abuja

Another lawmaker dumps PDP, joins APC

April 13, 2021
A police officer at the protest

Bandits kill five vigilante members in fresh attacks in Niger

April 12, 2021
Kwara State University

KWASU shut as students protest 300 per cent hostel fee hike

April 12, 2021
Next Post
Gov Okowa

Delta probes Paris debt refund spending

Aishah Ahmad

PROFILE: New CBN Deputy Governor Aishah Ahmad

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


Access Bank Ad


NITDA Ad





Glo Ad

Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,651,229 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
    • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.