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Delta House of Assembly has granted Gov. Ifeanyi Okowa’s request for N4 billion bank facility to fund the proposed National Social Housing Programme in the state.
This followed the adoption of a motion by the Majority leader, Chief Ferguson Onwo and seconded by the Deputy Speaker, Mr Christopher Ochor at Tuesday’s plenary in Asaba.
The house also granted another request for a N1.2 billion loan from Globus Bank Limited to provide counterpart funding for 2022 Universal Basic Education Programme (UBEC) projects in the state.
This also followed the adoption of a motion by the Majority Leader and seconded by Mr Emeke Nwaobi (PDP-Aniocha North).
The governor had transmitted a letter to the House seeking approval for the N4 billion loan.
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Okowa said that the loan which would be taken from Globus Bank Limited or any other financial institution, would be used for the construction of affordable homes across four locations in the state.
He said that the approval being sought was in fulfilment of one of the conditions for family homes funds limited to proceed with the construction of 779 affordable homes in the state.
Okowa said that the homes would be located in Kwale in Ndokwa East, Ekpan in Uvwie, Ibusa in Oshimili North and Owa-Ekei in Ika North East local government areas of the state by Family Homes Fund Limited (FHFL) under the proposed national social housing programme.
