BAYOMBONG, Nueva Vizcaya, January 29 (PIA) - Governor Carlos Padilla here said the provincial government s P1 billion loan with the Land Bank of the Philippines (LBP) is an economic stimulus designed to bring in more progress and development to the Indigenous Peoples (IPs) and boost health services for Novo Vizcayanos. Our loan with the LBP is right because it is intended for the welfare, development and progress of the province and its villagers. We thank LBP for acting fast on our application, he said.
The governor said the economic stimulus is in line with the Local Government Code (LGC) provisions and the Constitution and fully supported by the Monetary Board.