The Delta State House of Assembly on Tuesday approved a request by Governor Ifeanyi Okowa to take a N25 billion bank facility for oil palm production.
The Governor’s request is contained in a letter read at a plenary session by the Speaker, Sherriff Oborevwori.
Okowa explained that the credit facility to be taken at the First City Monument Bank Plc. would go for the development of 17,345.5 hectares of palm plantation, aimed to take advantage of CBN’s oil palm development initiative.
Motion for the approval of the Governor’s request was moved by the Majority Leader of the House, Ferguson Onwo, and seconded by the Minority Leader of the Assembly, Innocent Anidi. (NAN)
The credit facility to be taken at the First City Monument Bank Plc. would go for the development of 17,345.5 hectares of palm plantation.
