We paid off seventeen billion naira bond in 2014, says Kwara government
Written by Taiwo Adediran on December 25, 2015
The Kwara State government has said that it has paid off the seventeen billion naira infrastructure bond obtained in 2009 even as it prepares to obtain a fresh twenty billion naira bond for new projects. The state government, in a statement by Dr Muyideen Akorede, the senior special assistant to the Governor, said the proposed twenty billion naira would finance innovative projects such as dualisation of Michael Imoudu to Gamo road, part completion of Kishi Kaiama road, the indoor sports hall of Ilorin Stadium and the new campuses for Kwara State University at Osi and Ilesha.
He therefore assured the public that the administration of Ahmed had taken steps not only to ensure the state government can afford the bond repayments without any undue pressure on its finances but also that it has reformed its revenue machinery to boost government’s capacity to meet its other obligations to the people.