Niger assembly approves governor’s N70 billion bond request
The Niger State House of Assembly has approved a N70 billion bond request by Governor Umaru Bago to finance infrastructure projects in the state.
The bond was approved during the plenary session in Minna on Tuesday following its review by the House Committee on Finance, which presented its report to the parliament.
Chairman of the committee, Aliyu Wushishi, said the bond request was part of a planned N100 billion private bond issuance for 10 years.
The parliament unanimously adopted the committee recommendation and approved the request of its report.
The speaker of the parliament, Abdulmalik Sarkin-Daji, directed the clerk of the house to transmit the formal approval to the executive.
On May 15, during its plenary session presided over by Deputy Speaker Afiniki Dauda, the house read the executive correspondence announcing Mr Bago’s desire to seek the bond.
The correspondence revealed that the State Executive Council, at its 55th sitting on April 22, approved the issuance of the 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.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Education
Daura transport varsity to send students to China, Russia for practical
According to the vice-chancellor, the university is working with a Chinese company that is handling the institution’s construction.
Abuja
Nigeria wins bid to host 2026 global PR forum
Nigeria has won the bid to host the World Public Relations Forum, says the president of the Nigerian Institute of Public Relations, Ike Neliaku.
Education
Sokoto govt, UNICEF inaugurate digital skills centre for almajiri, out-of-school children
On Tuesday, the Sokoto government inaugurated a digital skills training centre to empower Almajiri children and out-of-school adolescent girls in the state.
Health
2026-2027 Budget: WHO increases membership fee amid global financial constraints
WHO member states have approved a 20 per cent increase in assessed contributions as they endorsed the organisation’s 2026 to 2027 budget of $4.2 billion.
Politics
PDP’s South-East caucus re-nominates Udeh Okoye as national secretary
“PDP is the only party where you can feel peaceful; you can express your opinion,” Mr Damagum said.
Africa
Rising demand for gold, critical minerals fuelling crime, instability in Africa: UNODC
The rising demand for gold and critical minerals is fuelling crimes, corruption, and instability in Africa, the UN Office on Drugs and Crime has said.
