Kogi Raises N20 Billion Bond For Infrastructural Development

Posted by African Examiner Featured, Latest Headlines, Uncategorized Friday, April 4th, 2014

Oyewale Oyelola

Kogi state government is set to raise N20 billion bond at the Nigerian Stock Exchange to embark on infrastructural development in the state.

Kogi State governor I dris WADA

Governor Idris Wada of Kogi state disclosed this during his visit to Nigerian Stock Exchange in Lagos on Thursday.

According to the governor, “the state government will use the fund raise from the bond to build 500 housing units for civil servants and private citizens, construction of Lokoja bypass road, provision of water in three senatorial district in the state and build and equip hospitals.

“We have already raised #5billion and we are going to use it for provision of infrastructure in the state. We can not afford to disappoint our people, so we will our best to bring dividend of democracy to people of Kogi state”.

He assured investors that his administration will be transparent in managing the funds. ” My administration will be prudent and transparent in handling the state affairs. Anybody can approach the government to seek for clarification on any issue.”

Governor Wada urged investors to subscription to the bond, adding Kogi state government will not disappoint them.