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Published On: Tue, Jul 31st, 2018

Niger govt air marks N675m loan for community projects

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From Yakubu Mustapha Minna

The Niger State Government have concluded plans to take a loan of N675 million to execute capital projects in its 27 constituencies of the state with 18 percent interest per annum and repayable in eighteen months.
The State Commissioner of Finance, Alhaji Abubakar Zakari made the disclosure yesterday at Government House while briefing journalists after the state executive council meeting saying that it is for the second quarter of 2017.
Zakari explained that it’s community social service projects added that all the due processes would be followed in taking the loan with the Zenith Bank of Nigeria having received the approval of the state council.
He hinted that there is N2.5 billion provision in the 2017 budget for borrowing from the commercial banks.
Also, the commissioner for investment, commerce and industry, Alhaji Mundi Mohammed said that the council has approved the outright sale of Niger State Development Company building near mobile round about at the cost of N110 million to Jaiz Bank.
He stated that the NSDC has spent N247 million for building and maintaining the structure occupying 4,300 square meters hence the advertised for rental and sale didn’t yield results until the coming of Jaiz Bank.
Mohammed said that those who purchased forms at the sum of N5,000 each the company from the 106 that applied ,however, realized N530,000 while assuring that their funds will be returned to them in due course.
In same vein, the Commissioner for Education, Hajiya Fatima Madugu further disclosed to have received approval of the State Council for the construction and renovation of three schools with modern kitchen to the sum of N51,441,577.
Madugu further explained that the benefitting schools for the first trench are GGSS Kontagora, GGC Bida and GSC Izom one school in each of the three geo political zones of the state.
She reiterated the commitment of the present administration of Governor Abubakar Sani Bello for his value for education and schools while providing better atmosphere for study and learning in the state.

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