SUKUK Bond: Niger State Government commissions N25b road

Abdul Mohammed Isa, Minna

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The Niger State Government in North-central Nigeria has commissioned a 25 billion naira, 2.4 kilometres dual carriageway under SUKUK private bond programme.

The Niger State Commissioner for works, Mamman Musa, who stated this during the commissioning of the road in Minna the State capital, mentioned that the SUKUK bond was captured in 2019 and 2020 appropriation laws.

According to him, the project includes payments of compensation and relocation of utilities such as water mines and electricity installations.

“The scope of the project includes: milling of existing bituminous surface, concrete works in median, side drains, laterite in sub-base, crushed stone base and asphalt in concrete binder and finishing,” he said.

Infrastructure development
The Governor, Abubakar Sani Bello stated that since the inception of his administration, provision of infrastructure has remained one of his priorities and will continue to provide infrastructures that have direct bearing on the people as well as stimulate economic growth in the state.

The Governor disclosed that the Broadcasting Road would open up new areas, ease vehicular movement, reduce accidents, beautify the environment and afford people opportunities to increase socio-economic activities in the area.

“For us to attract investments into the state, we need to have good infrastructure system in place that guarantees access to the market and other factors of production”, he said.

The governor revealed that his administration has constructed over 40 civil engineering projects, 80 mechanical/electrical projects, while 30 public buildings have been built across the state among other projects.

He reaffirmed that despite the daunting economy and security challenge, the state government will continue to provide dividends of democracy to the people.

“This government will sustain the momentum of delivering projects that have direct bearing on daily activities of the people”, he said.

According to the governor, most projects started from the beginning of this government in 2015 with most of them completed and already been put to use, while others are still ongoing.

 

Nneka Ukachukwu

 

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