Thursday, 3 September 2015

A’Ibom debt bond: Best economic option for the state - Education commissioner

A’Ibom debt bond: Best economic option for the state  - Education commissioner
The recent rescheduling of the Akwa Ibom State 64.5 billion naira debt into the federal government bond has been described as the best economic option for Akwa Ibom State.

The State Commissioner for Education, Rt. Hon. (Eldder) Aniekan Akpan stated this last weekend, saying the initiative is beneficial to the state as it will safe government the stress of paying so much debt at limited time.

Elder Akpan, a former lawmaker representing Ukanafun State Constituency in Akwa Ibom House of Assembly (AKHA) maintained that the programme was to make more funds available for government projects.

“That is the best economic option because we are trying to reschedule and rearrange the process. The money that would have been used to pay debt could be used to executive other projects while it takes a longer period to complete the payment”, he said.


Speaking at the inauguration of the state’s 6th Assembly Committees, the Education Commissioner who said the house worked through committees and had so much to do with oversight functions over every government ministry and agency, opined that though most members were freshers, they were picking up well and working fast as far as they interacted were old members. 

He urged house members who were inaugurated into various committees to cooperate within the assembly and the executive arms so as to move Akwa Ibom forward. 

Elder Akpan also used the medium to commend the speaker of the 6th Assembly, Hon. Aniekan Uko for his effective steering of the house despite being a first timer, stressing that so far he has done well.

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