We’ll Be Prudent With N115bn Bond—Sanwo-Olu
GOVERNOR Babajide Sanwo-Olu of Lagos State, yesterday, assured residents of his administration’s commitment in ensuring financial prudence and responsibility for continued infrastructural developments of the state.
Sanwo-Olu gave the assurance during the signing of the N115 billion 10-year 15.25 per cent Series 1 Bond issuance due 2033, and the N19.815 million seven-year 14.675 per cent Fixed Return Forward-Ijarah Lease Sukuk due 2030, under the N1 trillion debt and hybrid issuance, held at Lagos House, Alausa, Ikeja.
Igbo Should Stop Bad Politics–Ngige
Minister for Labour and Employment, Senator Chris Ngige, Tuesday said the commissioning of the Second Niger Bridge and the construction of capital projects by the regime of President Muhammadu Buhari has vindicated some of them for their choice of the All Progressives Congress (APC).
Ngige stated this at the inauguration of the Federal Secretariat in Awka, Anambra State capital.
He urged the Igbo to stop playing politics of exclusion and putting their eggs in one basket at every political dispensation.
Buhari Defends Huge Debt Profile Incurred By His Administration
PRESIDENT Muhammadu Buhari has defended the huge debt profile amassed by his administration, which is put at N77 trillion, saying that it was invested in infrastructure as a deliberate way to fight poverty, create jobs, economic development and, prosperity and galvanise.
He said making infrastructure development a key focus in his administration was not by accident.
Speaking on Tuesday at the virtual inauguration of three bridges, three secretariats and one road project undertaken by his administration, he said: “We do not act on infrastructure by accident. It has been a deliberate choice for our government as a tool to fight poverty, to create economic growth and employment and to open the path of prosperity for our people.”
I Closed Borders In The Interest Of Economy, Citizens —Buhari
President Muhammadu Buhari has said that his decision to close Nigeria’s borders at some point was in the interest of the economy, noting that the citizens will appreciate it later.
He pointed out that the country has vast borders, which only God could secure from criminals.
The President spoke on Tuesday during the inauguration of the new corporate headquarters of the Nigeria Customs Service (NCS) in Abuja.