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Niger Assembly approves Gov Bago’s request for N70bn bond
The Niger State House of Assembly on Tuesday approved Governor Mohammed Umar Bago’s request for a N70 billion bond to fund infrastructural projects in the state.
This followed the adoption of a report of the House Standing Committee on Finance presented by its Chairman, Aliyu Sheshi Wushishi, at the plenary in Minna.
In his presentation, the chairman said the committee conducted a thorough review of the request and engaged with stakeholders, including the Ministry of Finance, Niger State Planning Commission, Fiscal Responsibility Commission, and Debt Management Office, on the bond issue.
He added that the committee discovered that the request was part of a planned ₦100 billion NCNI Private Bond Issuance over 10 years.
The House unanimously adopted the committee’s recommendation and approved the request.
The Speaker of the House, Abdulmalik Mohammed Sarkin-Daji, ordered the Clerk of the House to transmit the approval to the governor.
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