Delta Govt to Invest 20bn in Gas Project, Denies Applying for Fresh Loan

Delta State Government has denied applying for fresh loan of 120 billion but only changing the lead bank to enable the Government prosecute projects before the expiration of the Governor Ifeanyi Okowa led administration.

Speaking with Journalists at Asaba, the State Commissioner for Finance, Sir Fidelis Tilijie said that there was a misconception about the loan.

The commissioner who was flanked by his counterpart in the Ministry of Information, Mr Charles Aniagwu and the Chief Press Secretary to the Governor, Mr Oliseh Ifeajika, explained that the reluctance of the previous lead bank to prosecute the 100billion loan made the Government to contract other bank.

He added that the State House of Assembly approval was one of the processes required for the change of the lead bank.

However, Tilijie observed that the additional 20 billion is the only new loan, which is intended for a gas floating project to be sited in Warri.

Mentioning the benefit of the proposed gas project, he said the gas project will generate employment as well as drive Internally Generated Revenue of the State adding that the investment will be beneficial to Deltans.

Assuring that the finances of the State is being well managed, he said that the wheel of governance can not be halted because of election.

On his part, the Commissioner of Information accused the All Progressive Congress ( APC) of fueling a lot misconception to score cheap political point in the upcoming elections.

He restated the administration’s desire to maintain transparency and accountability in line Governor Ifeanyi desire to serve the people.