Ikpeazu assures on judicious disbursement of N1b CBN agric loan

By admin on

Share on facebook Yahoo mail icon Gmail icon

Views: 892

...decries declining federal allocation to states 

The Governor of Abia State, Dr. Okezie Ikpeazu, has assured farmers in the state of judicious disbursement of the N1BN (One Billion Naira) Commercial Agricultural Credit Scheme Loan which the state recently obtained from the Central Bank of Nigeria (CBN).

He gave the assurance while rendering his one year stewardship in the state to the people of Abia Central Senatorial District, as part of the ongoing town hall meetings in the state. 

According to a release by his Chief Press Secretary, Enyinnaya Appolos, Governor Ikpeazu spoke  yesterday at Umuahia South and Isiala Ngwa North local government headquarters.

He decried the declining federal allocations to the state, but assured that his government will ensure that the current economic crisis will not affect his infrastructural development program and payment of workers' salaries in the state.

He however told the people of the state that he should not be pitied, over the harsh economic situation, stressing that he believes God has reasons for whatever circumstance He (God) allows.

"I want you to understand that we are in tough times in the state. I am sure you're aware of the economic hard times in the country that has occasioned the drastic drop in our monthly allocation to as low as N1.7b.

"Out monthly allocation as at today cannot support payment of workers salaries, not to talk of executing other projects. This has also impacted on our IGR as a state.

"Don't pity me because of the tough times. I know that my God is able to handle the situation. But let me assure you that amidst this obvious challenge, our government will continue to improve on our infrastructure and also pay salaries as we can, but I ask for your understanding and support in this hard time.

"We do not have any other option than to improve the infrastructure in the state, especially at Aba, the commercial-hub, to motivate people to pay taxes thereby improving the internally-generated revenue of the state.

"Let me also reassure you of my promise, as your Governor, not to misappropiate the confidence you bestowed on me.

"Let me inform you that we have received N1b agricultural loan from the CBN. This loan, I assure you, will be judiciously distributed to genuine farmers amongst us. I know our farmers, and let me inform political farmers whose farms are on the internet not to bother coming because this loan is not for you."

Governor lkpeazu, who enumerated some of the achievements of his government  in road infrastructure improvement and other strategic sectors of the economy within the period of one year, further assured that the free school meal program will be sustained for the benefit of Abia school children and their parents.  

He stated that food stores have been opened in the three Senatorial Districts of the state, and will later be opened in all Local Government Areas for the sustenance of the free school meal program which his Govt is implementing with massive support from the private sector.

The ongoing town hall interactive meeting was previously held at Ohafia and Isuikwuato LGAs for Abia North Senatorial district of the state. Abia south district meeting is next on the program aimed at rendering the governor's stewardship in the past one year to the people as well as get direct feedback from them. 


Posted on June, 22 2016

More pictures


Share on facebook Yahoo mail icon Gmail icon

You may also like...
Ghana beat New Zealand to bow out with...

Gov. Dankwambo seeks Davido's 'assurance' to mobilize Nigerians...

President Goodluck Jonathan congratulates General Muhammadu Buhari,

Port Harcourt Refnery To Begin Full Production This...

Metuh: Jonathan Fails to appear in Court


For 6th Time, Court Frees Dasuki, Says Detention...

Sen. Orji initiates move to secure FG's patronage...

Buhari Absent for the Second time at FEC...

Court upholds Saraki's election

EFCC Insists It Has the Right to Freeze...

Senate Mandates Saraki to Intervene in ASUU Strike...
News Abia Election Special (3) Abia Supplementary Polls Update (18) Abia Supplementary Result update (22) Appointments (8) Breaking News (196) Business (42) Campus News (3) Crime (124) Economy (112) Education (127) Entertainment (148) Fashion and Style (3) General (830) Health (109) Inside Africa (40) International News (303) Interviews (28) National (1944) Politics (969) Press Releases (116) Religion (9) Security (127) Sports (431) Technology (24) World News (87)





Latest News Buhari approves Adamu as acting IG as Idris bows out today I’m also hungry, Amaechi tells Nigerians at campaign rally Management of Abia Bailout funds and Paris Club refunds; Oshiomhole is confused CJN's Trial is illegal, it’ll end in prosecutorial misadventure –Falana Saraki says FG’s haste to arraign CJN shows corruption war is compromised CJN’s trial: N’Delta militants threaten to shut down oil wells Ignore CCT summons, South-South govs tell CJN Wanted Orji Kalu seen at APC rally in Umuahia OPINION: Acho Obioma; Resist the temptation, No free money for criticizing Ikpeazu No Celebrity is a saint, don't push yourself to be friends with them - Actress Georgina Onuoha


Most Read Islamic agenda for Nigeria – Pastor Bosun (24,087 views) The show of shame that sealed Justice Uzokwe’s fate (17,580 views) 47 YEARS AFTER, HIS EXCELLENCY, COMMODORE EBITU UKIWE (Rtd) MAKES THE “OFO NDI IGBO” RECIPIENTS LIST (17,196 views) Breaking News : Dr Okezie Ikpeazu resigns from Abia State Environmental Sanitation Agency (ASEPA). (7,746 views) Lawyers accuse Lagos Police of working for PDP (7,388 views) Radio Biafra delivers AM Transmitter (7,162 views) ‘Why fuel scarcity persists’ (6,188 views) Abiriba Kingdom Celebrates as Eze Kalu Kalu Ogbu (IV) marks 14th year on the throne (5,845 views) Nurse Justina Obi Ejelonu, one of the nurses that contracted Ebola virus is dead!!! (5,799 views) Breaking News : 2015 - Abaribe withdraws from Abia guber race, backs Ikpeazu (5,576 views)