Bonds

By Anthony Areh

The Katsina State has said it would secure N55 billion bond from Islamic Development Bank for infrastructure developments in the state.

The Commissioner for Finance, Alhaji Kasim Mutallab, made this known while briefing newsmen on the outcome of the State Executive Council meeting.

“Katsina state is looking to undertake a seven year bond, the bond will follow Islamic principles; there must be special purpose for securing the bond.

“We are looking at this bond because of the infrastructure deficits in the state in terms of roads, hospitals and education,” he said.

He noted that the funds would be repayable for over seven years.

The commissioner assured residents that the funds would be judiciously used for the purpose of its collection.

On his part, the Commissioner for Budget and Economic Planning, Alhaji Faruq Jobe, said that the government has approved sponsoring of seven Medical Doctors for training within the country.

The commissioner added that a veterinary dictator would also undergo training abroad for one year.

He said that it was in line with the state government efforts to enhance healthcare service delivery across the state.