The Niger State House of Assembly has received an executive correspondence from Governor Mohammed Umar Bago, seeking approval for the issuance of a N70 billion bond.
LEADERSHIP reports that since the administration of Dr Muazu Babangida Aliyu, the state has sought the issuance of bonds worth N120 billion from the capital market, including the present N70 billion to fund infrastructure.
After reading the executive correspondence during plenary yesterday, the deputy speaker, Hon. Afiniki Eunice Dauda, who presided over the sitting, announced Governor Mohammed Umaru Bago’s desire to seek the bond.
The correspondence as read to the house, noted that, the State Executive Council, at its 55th sitting on April 22, 2025, deliberated and approved the issuance of N70 billion out of the N100 billion Niger State 2025 bond raise programme.
In the letter to the House, the governor disclosed that the bond issue aimed to finance critical projects in healthcare, education, infrastructure, water supply, and inter- and intra-state connectivity.
Bago, therefore, requested that the House issue a resolution approving the conclusion of the necessary documents for the bond issuance.
After the deputy speaker read the letter, the House resolved to refer the issue to the House Standing Committee on Finance for further legislative action.
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