The Rivers State Government has called on the Federal Government of Nigeria to declare a state of emergency on some portions of the East West Road, especially the Akpabo-Eleme axis.
He said the road was “constituting a death trap and huge embarrassment to Nigeria.”
Okah said the East West Road, and the Akpajo-Eleme axis which leads directly to economic infrastructure like the OIl and Gas Free Zone, Onne, Indorama Petrochemical and fertilizer companies, Port Harcourt refinery, and Eleme refinery belonged to the Federal Government of Nigeria.
Okah in the statment said, “Sadly, while other federal roads in the Country are receiving fair attention of the Federal Government, the East West Road has remained neglected, abandoned and left to further deteriorate.
“It was for the reason of acute dilapidation of the road that the Nyesom Wike administration together with some stakeholders made huge contributions to stabilise the portion of the road with the expectation that the Federal Government will take a cue from there.
“The East West Road has become a source of anguish to the people of Rivers State, and our lamentations have only fallen on deaf ears, noting that the deep decay of the road has resulted in huge loss of man hour, accidents involving trucks and attendant loss of property and human lives which could have been avoided by repairing this axis of the road”.
WHY is loan default on
the increase in the MfB sub sector?
Loan repayment in Nigeria is an institutional problem. The way people
come to take loan is different from when you are asking them for the
repayment. We understand that economic recession has made things more
difficult but our attitudes are bad towards repayment.
Most people have the capacity to repay but they do not want to pay, they
want to recycle the money. Our marketers too do not go to collect the
daily, weekly and monthly contribution as at when due, this also make
the beneficiaries to recycle the money.
Read more at: https://www.vanguardngr.com/2017/10/cbn-relax-stringent-measures-n220bn-msme-fund-chairman-aguda-titun-mfb/
Read more at: https://www.vanguardngr.com/2017/10/cbn-relax-stringent-measures-n220bn-msme-fund-chairman-aguda-titun-mfb/
The Chairman, Aguda
Titun Microfinance Bank, MfB, Prince Ndoma Odey Ndoma, in this interview
outlined numerous challenges that has bedeviled the microfinance
subsector.
Read more at: https://www.vanguardngr.com/2017/10/cbn-relax-stringent-measures-n220bn-msme-fund-chairman-aguda-titun-mfb/
Read more at: https://www.vanguardngr.com/2017/10/cbn-relax-stringent-measures-n220bn-msme-fund-chairman-aguda-titun-mfb/
The Chairman, Aguda
Titun Microfinance Bank, MfB, Prince Ndoma Odey Ndoma, in this interview
outlined numerous challenges that has bedeviled the microfinance
subsector.
Read more at: https://www.vanguardngr.com/2017/10/cbn-relax-stringent-measures-n220bn-msme-fund-chairman-aguda-titun-mfb/
Read more at: https://www.vanguardngr.com/2017/10/cbn-relax-stringent-measures-n220bn-msme-fund-chairman-aguda-titun-mfb/
The Chairman, Aguda
Titun Microfinance Bank, MfB, Prince Ndoma Odey Ndoma, in this interview
outlined numerous challenges that has bedeviled the microfinance
subsector.
Read more at: https://www.vanguardngr.com/2017/10/cbn-relax-stringent-measures-n220bn-msme-fund-chairman-aguda-titun-mfb/
Read more at: https://www.vanguardngr.com/2017/10/cbn-relax-stringent-measures-n220bn-msme-fund-chairman-aguda-titun-mfb/
No comments:
Post a Comment