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N21.5bn SUKUK Bond: We Withdrew Before Rejection- Niger Govt



Leadership Nigeria News Today

Barely 24 hours after the Niger State House Of Assembly rejected the request for N21.5 billion SUKUK bond by the executive, the Niger State government has stated that it has since requested the stepping down of the SUKUK bond request to the House before the action of the House on Tuesday.
The commissioner of Information and Strategy, Dajuma Salau in a press release yesterday noted that “ Niger State government has requested Niger State House of Assembly to step down on the deliberations and consideration of the Sukuk Issuance Programme until further communication”.
According to the commissioner, this request was contained in a letter signed by the governor, dated 5th July, 2018, to the House of Assembly addressed to the Speaker.
“The letter was duly received in the Honorable Speaker’s office at exactly 3.20pm on Thursday, 5th july, 2018. In the letter, Mr Governor expressed his profound gratitude and appreciation to Mr Speaker and Honourable members for the seriousness with which the House attends to legislative business and other equally important affairs of the state and huge time it devotes to doing so in spite of their enormous complex nature,” he said.
The commissioner of Information explained the reason for the withdrawal thus, “Even though the desire to take the loan was in the public interest, the request by Mr Governor to the House to step down further discussion on the matter was to disabuse the minds of the people that the bond was not meant for re-election bid in 2019”.