Edo State Governor, Adams Oshiomhole, said the state was forced to take a World Bank Development loan because the Peoples Democratic Party-led Federal Government in 16 years looted the nation’s treasury and pauperized the states.
He, however, said it was a good thing that President Muhammadu Buhari came at the right time to stop the liquidation of the country.
The World Bank had approved a $225 million loan for Edo State Government in 2012, to be implemented in three tranches of $75 million per annum.