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Three Key State-Owned Enterprises Urged to Repay NLe 15 Million Government Loan

15 Jun 2024 • 1 min read • 2,741 views • Post a comment

In a recent public hearing at Parliament, concerns were raised over the failure of three State-Owned Enterprises (SOEs) to repay loans issued by the government.

The Sierra Leone Airports Authority, Sierra Leone Postal Services, and Sierra Leone Road Transport Corporation collectively received loans totaling fifteen million Leones as COVID-19 stimulus packages.

However, as of the end of December 2022, none of these entities had made any repayments, according to the Auditor General’s Report.

Deputy Leader of the Opposition 2, Aaron Aruna Koroma, emphasized the need for a structured repayment plan during the hearing.

“I think we must ensure that those MDAs that have taken loans are compelled to have a clear timeline to pay back these monies,” Koroma stated, underscoring the urgency of the matter.

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