Home NewsLocal News $22.7 Billion Foreign Loan: Imo Assembly Kicks Exclusion Of South East

$22.7 Billion Foreign Loan: Imo Assembly Kicks Exclusion Of South East

by OtownGist

Following the outrage that trailed the exclusion of the South East from Federal Government $22.7 Billion foreign loan, the Imo State House of Assembly has expressed worry how the zone was excluded from FG spending plan of the loan

Member representing Ideato North State constituency, Hon, Arthur Egwim moved the motion during plenary on Tuesday, calling on Governor Hope Uzodinma to take up with the Presidency why the South East, Imo State inclusive was excluded from the spending plan of the loan.

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He said “Whereas the senate of the Federal Republic of Nigeria has approved the sum of $22.7B as foreign loan to be distributed and applied for various developmental projects in the six geopolitical zones of the country.”

“Observing with utter disappointment that most of the Southeast States were not allocated any amount from the loan.”

“Observing also that the exclusion smacks of purposeful case of marginalization of the Igbo speaking States.”

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“Be it resolved by this honourable House to urge the Governor of Imo state and other Southeast governors to wade into the matter with a view to finding out why the states were not included.”


The motion further urged other Southeast leaders to work in synergy with the governors in teh region in ensuring that the geopolitical zone is not marginalized in the scheme of things in future occurrences. The motion received massive support from members and was subsequently adopted by the House led by the Speaker, Chiji Collins

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