Mixed reactions trail Amaechi’s N50bn loan

By IAfrica
In Nigeria
Sep 3rd, 2014

imageReactions are beginning to trail the recent fifty two billion naira loan approved by the Rivers State House of Assembly for the State Government.

Port Harcourt based legal practitioner and social analyst, Kennedy Amos said the criticisms against members of the assembly for approving the loan was uncalled for.

Amos also noted that Governor Amaechi made the right move by following the rule of law, adding that the loan would be utilised for the interest of the people.

According to Amos, “under the appropriation act, the Rivers State House of Assembly has the powers to make such appropriation for the executive arm of government.

“We have seasoned lawmakers and they are sons and daughters of this state, if they did not see any merit from the proposal of the executive arm of government, they would not have approved it.

“The Governor, knowing that he cannot appropriate such funds by himself, has gone to the right forum. After all, he needs the money to finance the various projects this administration has embarked upon”.

On his part, Assistant Publicity Secretary of the People’s Democratic Party, PDP, Sam Wonosike told DailyPost that the debt profile of the Rivers State Government had drastically increased since the inception of this administration.

Wonosike also accused members of the Rivers State House of Assembly of laxity, stressing that the members only held sessions when money was involved.

The Rivers State House of Assembly approved a fifty billion naira loan to aide infrastructural development in the state and another two billion naira for medium and small scale enterprise development.

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