Nasarawa state has raised a N10 billion bond to finance infrastructure development projects in the state, Governor of the state, Alhaji Umaru Tanko Almakura, has disclosed.
Almakura, who led other members of the state’s executive council to sign the first lot of N5 billion bond agreement in Abuja, explained that the second lot of N5 billion would be sealed later in the year.
The governor also said his administration had paid back N37 billion debt incurred by past administrations, adding that the N10 billion bond was necessary, following the state’s low financial capacity.
“Having paid outstanding debts on our head incurred over the years by past administration totalling up to about N37 billion, we feel the amount of resources at our disposal would not be enough to facilitate the execution of the project needed to provide for all, that was why we had to seek for the bond,” he said.
The governor added that Nasarawa state, as one of the newest states created in 1996, is bedevilled with teething problems, especially in the area of infrastructure. He however said the new bond would address infrastructure deficit at the same time boost commercial activities in the state.
“We are a new state, and we have a lot of challenges that all states may probably not have. Our greatest challenge as a state is that of infrastructure. As a new state, some of the foundations that we are supposed to have for effective development are infrastructures, and government has shied away from provision of such infrastructures because of the capital intensive nature of such projects.”
“We intend to use this bond, specifically to provide infrastructures where there are none and to the dilapidated once, particularly as it relates to educational infrastructure”, he added.
“We intend to use this bond for comprehensive market in three of the state’s urban areas, Lafia, Akwanga and Keffi. The government will also use part of the money to expand the Karu international market, which is one of the largest markets in northern Nigeria,” he said.
Several Injured As Thugs Attack #EndSARS Protesters, Governor Oyetola In Osun
Some of the vehicles in the Governor’s convoy were also destroyed by the thugs but the Governor himself was evacuated to safety by his security team.
As the convoy was leaving the protest venue, some of the youths continued to stone his vehicles.
While the protest was disrupted, Governor Oyetola assured the injured victims that the government would be responsible for their medical bills.
#EndSARS: Sanwo-Olu Constitutes Panel Of Enquiry
In a bid to quell the #EndSARS protest which is spreading like a raging inferno across the country, Babajide Sanwo-Olu, the Governor of Lagos State has set up a panel of inquiry and restitution for victims of SARS.
This was announced in a statewide broadcast on Thursday.
The panel will be a 7-man panel which will ensure that all those with verifiable cases of SARS brutality or fatality receive compensation.
The Panel will be chaired by retired Justice Doris Okuwobi, while members are Ebun Adegboruwa, SAN (representing the Civil Society), Taiwo Lakanu (a retired Deputy Inspector General of Police), Patience Udoh (representing the Civil Society); Segun Awosanya aka Segalink (Human Rights Activist).
Others are Olutoyin Odusanya (Director, Citizens Mediation Center), a rep/member of the youth-led protest, and a representative of the Human Rights Commission.
There will be a help desk for the complaints and petitions to the panel.
Governor Seyi Makinde Loses 81-Yr-Old Mother
Abigail Makinde, the mother of the governor of Oyo State, Seyi Makinde, is dead.
The Chief Press Secretary to Mr Makinde, Taiwo Adisa, however, told newsmen that the family will soon make an official statement on the death of the deceased.
He said: “Yes. The family will make an official statement.
“The family will soon make an official statement. In the next few minutes, the family will make an official statement, in few minutes.”
It was gathered that Mr Makinde lost his father, Olatunbosun Makinde, a few years ago.
It was learnt that Mrs Makinde died in the early hours of Thursday.
She died at the age of 81.
- Entertainment11 hours ago
Regina Daniels Birthday: EVERYTHING You Need To Know
- Entertainment13 hours ago
‘My Landlady Chased Me Away And Started My Kind Of Business’ – Nkechi Blessing
- Politics15 hours ago
#EndSARS: Gov Bello Warns Protesters Against Overthrowing Buhari
- National News11 hours ago
Sanwo-Olu Imposes 24-Hour Curfew In Lagos
- News Feed12 hours ago
Pasuma Says He Was Not Chased Out Of #EndSARS Protest In Lagos (Video)
- News Feed14 hours ago
#EndSars: “I Was Paid N500 To Bring A Knife To The Protest Ground” – Man Confesses (VIDEO)
- National News16 hours ago
‘#EndSARS One Of The Most Successful Protest In Nigeria’: Lai Mohammed
- Entertainment16 hours ago
Davido Celebrates His Son, Ifeanyi On His First Birthday