Why Imo govt welcomed N100 billion FSL assistance


By Chinonso Alozie, Owerri.

The Imo state federal government the other day stated it accepted to deal with Nigerian Financial investment Bank, FSL Securities Limited to raise N100 billion since the federal government needed funds to resolve facilities difficulties in the state.

Imo State Federal Government.

The Deputy Guv of the state, Gerald Irona, specified this at the Federal Government Home in Owerri, when the Group Handling Director of the company, Chris Okenwa, visited him.

According to Irona, the FSL has actually concerned supply an option to profits generation and not the continued relying a lot on federal government allowances to the state.

The Deputy Guv stated: “The dedication of the Chief Emeka Ihedioha-led administration to entrenching great governance in the state, guaranteeing them of federal government’s preparedness to produce a making it possible for environment for financial investment in the state.

” We wish to applaud the FSL for the deal, and we assured that the State Federal government will partner this group for an equally advantageous relationship.

” We require some level of financing intervention. We acquired a state with a high level of infrastructural decay. “We are thankful that you are here to supply alternative sources of financing, besides the statutory federal allotment. I ensure you that the federal government of Imo State will take a seat with you to discuss this even more. We will partner with you.”.

Previously in his remark, Okenwa of the FSL, stated: “We feel that the brand-new administration wishes to leave a tradition of great governance for the great individuals of Imo State.

” FSL is desirous of dealing with today Imo State federal government to understand their imagine infrastructural transformation in the state.

” FSL is devoted to helping the state federal government with financing in this regard. We are here to supply alternative sources of financing for the state, besides the Federal allotment.”.

Lead News.