Ebonyi denies claims of securing $150m ADB, IDB loan for 2019 elections

David Umahi of Ebonyi State.

The Ebonyi State government yesterday denied allegations by the state’s All Progressives Alliance (APC) that $150million secured from the Africa Development Bank (ADB) and Islamic Development Bank (IDB) was meant to prosecute the 2019 general election.

The state government insisted that the allegation was not true, adding that the loan was meant to execute development projects in the state.

Also, Ebonyi people yesterday held rallies across the 13 local councils, urging the government to go ahead and secure the loan, which they said would be used for massive development of the state

Deputy Governor, Kelechi Igwe, who spoke to journalists, described the allegation as false, insisting that the loan was meant for the construction of the ring road that cuts across eight council areas in the state.

He said government had received representatives of the ADB and IDB who visited the state to inspect the road last Monday, noting that they were happy over what they met on ground

He appreciated President Muhammadu Buhari for assisting the state to borrow $150 million from the institutions, which would enable the Governor Dave Umahi administration to construct ring roads that would connect several councils of the state.

He regretted that opposition groups had taken the state government to court in their bid to stop the release of the loan.

He expressed dismay that despite government strides to develop the state and reconstruct the dilapidated ring roads as a way of boosting the state economy, people were bent on frustrating its efforts.

“The rally is the people’s voice because they just want to show solidarity to the government of Ebonyi. They want to show their support for the construction of that Ring Road. It is an important road to the Ebonyi people irrespective of where they come from,” he stated.



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