Home Business Niger Govt settles N6bn bond, says Commissioner

Niger Govt settles N6bn bond, says Commissioner

MINNA –  The Commissioner for Works in Niger State, Alhaji Muazu Bawa, on Tuesday said the state government had repaid six billion naira bond it sourced from the capital market four years ago to finance its capital projects.

Bawa, who disclosed this at a news conference in Minna, said the projects financed with the money had been successfully executed.

The commissioner, however, said that work on the Mokwa-Rabba Road was ongoing.

He said the state government resorted to capital market for fund owing to its low revenue base and the need to execute projects that had direct bearing on the lives of ordinary people.

The Commissioner for Science and Technology, Dr Mustapha Lemu, told newsmen that the  state government had completed the first phase of laptop and desktop computers distribution to civil servants.

Lemu said the state government had spent N166 million on the purchase of 1000 laptops and 300 desktop computers, which was shared to its workers.

He said another batch of 300 civil servants would soon benefit in the second phase of the programme.(NAN)

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