Edo yet to receive $75m World Bank loan - Oshiomhole

Benin - Governor Adams Oshiomhole of Edo on Friday said the State was yet to receive the $75 million World Bank loan recently approved for the state. Oshiomhole disclosed this in Benin during a Colloquium organised by the State Government to round off activities marking its 7th year in office. The governor said the clarification became necessary to instil confidence in the people that the state government’s ability to pay salaries up to date was not based on the loan, but on prudent management of resources. He contended that it was not the business of government to do business. "It is rather to create the enabling environment for citizens to make wealth so that government could collect taxes and develop the society." He noted that government and governance were not value- free, adding that the way forward was to focus on continued development of every sector of the economy. He also said government would strategise to ensure that workers earned their pay and give government value for pay. Benin - Governor Adams Oshiomhole of Edo on Friday said the State was yet to receive the $75 million World Bank loan recently approved for the state. Oshiomhole disclosed this in Benin during a Colloquium organised by the State Government to round off activities marking its 7th year in office. The governor said the clarification became necessary to instil confidence in the people that the state government’s ability to pay salaries up to date was not based on the loan, but on prudent management of resources. He contended that it was not the business of government to do business. "It is rather to create the enabling environment for citizens to make wealth so that government could collect taxes and develop the society." He noted that government and governance were not value- free, adding that the way forward was to focus on continued development of every sector of the economy. He also said government would strategise to ensure that workers earned their pay and give government value for pay.