Kogi state government led by Governor Yahaya Bello is set to purchase 109 cars for traditional rulers, House of Assembly members, Commissioners local government administrators at a whooping $12m.
A document signed by the state’s commissioner for Finance, Asiru Idris, dated June 9, shows that the $12m will be a loan from Zenith bank with an interest rate of 8% repayable for 3 years.
The cost of the vehicles is N2,899,000,000 with the breakdown as- 11 Toyota corolla at N143million (13million per unit); 29 Camry Cars N551 million (N19m per unit); 55 Toyota Prado VXL at N1,650 billion (N30 million each); 5 Land Cruisers V8 VXR at N240million (48 million per unit) and 9 Land Cruisers V8 VXR at N315 million ( N35million per unit).
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