Kwara State House of Assembly okay request by the State Government for it to source for Thirty Five Billion naira bond from the capital market.

 

 

This development came up after Governor Abdulrahman Abdulrazaq letter to the speaker Engr Yakubu Danladi-Salihu was read during plenary.
The Speaker giving analysis of the bond explained that the loan would be a private placement by providing security and enhance for short capital raising exercise to be taken by a third party on behalf of the state government which would be determined by the Commissioner for finance and Dept Management Office.
The members of the House while debating the bond assured that they would ensure the fund is utilized judiciously on the purpose it is meant for.

 

Funsho Babayemi…..LV

Tuesday, 26 January 2021

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