N23b proposed bonds: Kwara 'll save N500m monthly

Date: 2014-05-14

The Kwara State government yesterday shed more light on the N23billion bonds it plans to access from the capital market for the execution of capital projects.

It added that the bond will enable the state to save N500 million monthly.

The state Finance Commissioner, Demola Banu while explaining the necessity of the bond to reporters, said the monthly safing will enable the state embark on more capital projects.

Also at the briefing were Works and Transport Commissioner, Dr Abubakar Kannike, Senior Special Assistants to Governor AbdulFatah Ahmed on Investment and Media and Communications, Abayomi Ogunsola, and Dr Muideen Akorede as well as the governor's Chief Press Secretary, Abdulwahab Oba.

Banu said: "The N17 billion bonds that the state government obtained from the capital market in 2009 will be fully repaid in August this year. There was an initial proposal of N30 billion which was reduced to N23 billion. We have an existing loan that will amount to N7.5 billion by July this year, this is not part of the N17 billion loan, we got that loan from the commercial bank."

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Lanre Badmus     Jaiz Bank     UNILORIN Alumni     Ibrahim Akaje     Junior Secondary School Certificate Examinations     Ita-Nmo Market     Razaq Ayobami Akanbi     Undergraduate Bursary     Baba Issa     Surajudeen Akanbi     ER-KANG     Abdulrazaq Aiyelabegan     Lasiele Alabi Yahaya     Toyin Sanusi     Aminu Adisa Logun     Gbemisola Oguntimehin     Opaleke Bukola Iyabo     Abdulahi Abubakar Bata     Amuda Musbau     Gurei     Yusuf Amuda Gobir     Gwanara     Afolabi-Oshatimehin     QuickWin     Amasa     Yusuf Ibitokun Sherifat     Ilorin Anchor Men And Women     Alimi Abdulrazaq     Assayomo     Kawu     Dapo Teni Nig Enterprise     AGF Abdulrazaq     Yahaya Seriki Gambari     Lola Ashiru     Yahaya A Paniyaro     Kamaldeen Kehinde     TETFUND     Ogidi-Oloje     Nupe     Ilorin West     Hassanat Bello     Monsurat Omotosho     Aliyu Muhammad Saifudeen     Abdulrahman Abdulrasak     Isaac Aderemi Kolawole     Saheed Popoola     Special Agro-industrial Processing Zone     Patigi Regatta     Busari Alabi Alausa     Aishatu Ahmed Gobir     N-Power     Jalala     Clement Yomi Adeboye     Wole Oke     Ndama Al-hassan     Wahab Egbewole     Press Release     FERMA     Gbenga Adebayo     Razak Atunwa     Ben Duntoye     Gbenga Awoyale     Minimum Wage     Toyosi Thomas     Kwara Metro Park     Oke-Ode     Sobi FM     Omoniyi M. Ayinla     Funmilayo Oniwa     Abdulrazaq Adebayo     Ilorin East/South Federal Constituency     Saudat Abdulbaqi     Christopher Ayeni     ITEM 7     Edret Sabi Abel     Sanusi Abubakar     Saliu Shola Taofeek    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Olatunji Ayeni     Ahmed Saidu Rufai     Ayedun     Balogun-Ojomu     Adamu Attah     Sodiya     Igbaja     Dauda Adesola     Abdulrahman Abdulrasaq     Guber Aspirant     Shade Omoniyi     Kwara State Health Insurance Agency     Olatunde Michaels     Kayode Bankole     Hikmah AbdulKareem     Kolawole Bashirat     Lawan     Olukotun Of Ikotun     Kamaldeen Kehinde     Doyin Awoyale     Post-utme     AbdulRauf Keji     Isa Aremu     Awwal Jawondo     Matthew Babaoye     Suleman Abubakar     Seed Technologies     Garba Idris Ajia     Sunday Popo-Ola     Kwara State Football Association     IPSAS     Laboratory-to-Product     Oladimeji Thompson     2023 Elections     Aliyu Muyideen     Folashade Omoniyi     KSIRS     Ekiti     Isiaka Oniwa     Eghe Igbinehi     Olayinka Are     International Public Sector Accounting Standards     Oba Of Jebba     Shuaib Olarongbe     Gamji Members Association     AbdulGaniyu Kareem     Galadima     Sa\'adatu Modibbo-Kawu     Wahab Femi Agbaje     Owo Isowo     Okin Malt     Isiaq Khadeejah     Ronke Adeyemi     Bukola Saraki     Abiodun Abdulkareem     Baba-Isale     Alfa Belgore     Ophthalmological Society Of Nigeria     Malete     Share-Tsaragi     KwaraLearn     AGF Abdulrazaq     Nigeria Association Of Women Journalists     Binta Abubakar-Mora     Muhammed Mahe Abdulkadir     Kwarareports.com     Ajikobi     Issa Memunat Moyosore     Isiaka Danmeromu     Ayinke Saka     Omotoso     Al-Hikmah Radio     Theophilus Oyebiyi     Olugbense     Amule Elementary School     Aliyu Salihu     Offa Descendants Union