The Delta State House of Assembly has approved the sum of four billion, five hundred and forty nine million naira for Governor Ifeanyi Okowa to expend on a water supply project in the township city of Warri.
TheNewsGuru (TNG) reports the House approved the sum at plenary sitting on Thursday after Speaker Sherriff Oborevwori read a consideration letter forwarded to the House by the Governor.
According to the letter, Governor Okowa said the State Executive Council at its 19th meeting held on 14th November in 2017 approved the sum performance guarantee by Fidelity Bank on behalf of the state government and for the Delta State government to enter a Federal Government Support Agreement in respect of the Warri/Effurun Water Development Project Concession.
He said the agreement essentially involved the state government granting an Irrevocable Standing Payment Order through the Federal Ministry of Finance to cover the termination amount pursuant to clause thirty one of the concession agreement among others.
The House approved the request of the Governor following a motion moved by the Deputy Majority Oboro Preyor and seconded by Efe Ofobruku.