Nigerian town, in darkness for decades, to finally have electricity premiumtimesng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from premiumtimesng.com Daily Mail and Mail on Sunday newspapers.
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Following The hullabaloo that followed the 100 billion naira bond approved by the Adamawa State House of Assembly this week, the Secretary to the government of Adamawa SSG, Mr. Bashair Ahamed has cleared the air on the need for the bond.
The SSG said the bond is part of measures being put in place to improve Internally Generated Revenue (IGR).
He stated that the Bond will be utilized through Agribusiness.
Stressing that ” a bond is a fixed income instrument that provides funds for projects.”
A bond could be thought of as an I.O.U. between the lender and borrower that includes the details of payments.
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With the dwindling allocations from the Federation Accounts Allocation Committee (FAAC), state governments nationwide have planned a raft of measures to earn more revenues and enthrone frugality in public spending, THISDAY has learnt.
Investigations showed that many of the states are in dire financial straits and could hardly pay salaries as and when due as well as meet other contractual obligations in the wake of the double whammy of the COVID-19 pandemic, which disrupted socio-economic activities, and the low price of crude oil, the major source of foreign exchange for the federation, in the global market.
Adamawa government issues notice for verification of workers today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.
By Umar Yusuf
Catholic Bishop of Sokoto Diocese, Bishop Matthew Kukah, has challenged Northern Governors to address the religious uprising in the region.
Bishop Kukah contended that a situation where Northern Governors meet in Kaduna or in Abuja drinking tea and taking photographs without properly addressing the teething religious problems tearing the North apart is unacceptable.
He spoke yesterday in Yola at the commissioning of Sangere-Marghi Housing Estate, a settlement constructed by the Catholic Diocese of Yola, to accommodate Internally Displaced Persons, IDPs, displaced by Boko Haram activities.
He told Governor Ahmadu Fintiri of Adamawa State, that when he and his colleagues meet, either in Abuja or in Kaduna, he should remind them to guide and lead the religious leaders on the way out of the religious intolerance in the region.