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Thursday, April 25
He explained that the request from the governor had two aspects, with the first for approval for Bond Bridge Loan which would allow the state to access the bond market as soon as possible while the second aspect is a loan from a commercial bank at the interest rate of 9.25.
Olowo explained that the opportunity the market provided was enough for the state to access it now, adding that the state would be able to get the rate cheaper and that the current bond of the state would mature in 2024..
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