The Niger State House of Assembly has officially given the green light to Governor Mohammed Umar Bago’s proposal to secure a ₦70 billion bond aimed at financing key infrastructure developments across the state. This endorsement came after the legislative body reviewed the findings submitted by the House Standing Committee on Finance. The report was delivered by Hon. Aliyu Sheshi Wushishi, who represents the Wushishi Constituency. Hon. Wushishi detailed that the committee carried out a comprehensive evaluation of the bond request. The assessment process involved consultations with various stakeholders, including the Niger State Ministry of Finance, the State Planning Commission, the Fiscal Responsibility Commission, and the Debt Management Office. He clarified that their investigation confirmed the ₦70 billion request is a component of a broader ₦100 billion NCNI Private Bond Issuance Plan, scheduled to span a period of 10 years. Following the committee’s recommendation, the Assembly unanimously agreed to approve the proposal. Subsequently, the Speaker of the House, Rt. Hon. Abdulmalik Mohammed Sarkin-Daji, instructed the Clerk of the House to formally forward the legislative approval to the Executive branch.For more information on how states manage debt issuance, refer to Debt Management Office Nigeria — the official government agency overseeing public debt. Related News:
