WIKE TAKING LOANS FOR FCT WITHOUT NATIONAL ASSEMBLY APPROVAL – KINGIBE ALLEGES. (PHOTO).

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Wike taking loans for FCT without National Assembly approval – Kingibe alleges The senator representing the Federal Capital Territory, FCT, Ireti Kingibe, has alleged that the FCT Minister, Nyesom Wike, has been taking loans for the nation’s capital without the approval of the National Assembly. Kingibe made the allegation on Tuesday during an interview. She was discussing the FCT administration, the Abuja master plan and the oversight responsibilities of the National Assembly. According to her, records from the Debt Management Office, DMO, indicated that loans had been taken for the FCT between August 2023 and March 2026, despite Wike not appearing before the Senate to seek approval for such borrowing. “I am definitely saying Wike has been taking loans without the approval of the National Assembly. “I’m sorry to say, with all due respect to the Senate, of which I’m a member, we’re supposed to oversee him. “We’re supposed to approve, and I have brought to the attention of the leadershi...
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FUBARA SIGNS EXECUTIVE ORDER TO ESTABLISH RIVERS STATE INVESTMENT PROMOTION AGENCY. (PHOTO).

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 Fubara Signs Executive Order To Establish Rivers State Investment Promotion Agency


Rivers State Governor, Siminalayi Fubara, on Monday signed Executive Order Number 2, 2024, to establish the Rivers State Investment Promotion Council.


The State Attorney General and Commissioner for Justice, Dagogi Iboroma, presented the draft order to Governor Fubara for his assent at the executive council chamber in Government House, Port Harcourt.


In his remarks, Governor Fubara said that this action aligns with the recommendations of the committee that organized the State Economic and Investment Summit in May.


He emphasised the importance of having a one-stop shop for investors to make inquiries and receive advice on investments.


Governor Fubara said the initiative demonstrates his administration’s commitment to enhancing the state’s economic landscape.


He announced that the agency’s board will be formed in the coming days and expressed optimism about attracting robust investments in agriculture and healthcare.


According to him, the tension being faced in the country will reduce by 70% if the cost of living is drastically reduced.

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