The Sukuk Bond, Minna-Bida Road And Matters Arising.

The last few days have been filled with various analysis of government’s moves to fund the state’s infrastructural/ developmental projects that have been fixated, languishing in neglect and abandonment for decades in Niger state.

It may be interesting to note that the projects, some of which have fallen into disrepair and cannot be repaired or renovated owing to their advanced decay, have lived for as long as the state!

Despite this unencouraging history, the government of Alhaji Abubakar Sani Bello has shown uncommon commitment to its foundational objective of transforming the state and and setting same firmly on path to sustainable development.

Towards achieving this, government has been processing and seeking for loans and grants from different international organisations and donor agencies to ensure the state is soundly infrastructurally rooted.

In this regard, there are four project funding sources available to states, including Niger. These include Direct Budgetary fund allocation from the state resources, which is dependent on the size of resources available to the state.

Other funding sources are Sukuk bond, Public, Private Parnership (PPP) arrangements:  and external sources through grants and loans (The Arab Economic Development, Kuwait fund, grants and The Islamic Development Bank (IDB).

The Direct Budgetary Fund allocation from the state resources will take care of projects like (1). Chanchaga Water Treatments Plants. (2). Rehabilitation of Suleja General Hospital. (3). General Hospital Bida (maternity), and (4) Schools of Nursing Bida, Minna and Kontagora.

The Sukuk bond which is N21.5billions  will cover projects including (1). Minna township roads,  (2). General Hospital Kontagora, (3). Suleja Trailer Park (Part Funding); (4). Mariga Ultra Modern market; and (5). Minerals city Katcha.

So far, PPP arrangements are focussing (1). Minna water supply scheme (ongoing); (2). Suleja water supply scheme; (3). Tegina trailer park; and (4). Mokwa trailer park.

The External funding plan: (1). The Islamic Development Bank which has approved 266million dollars for Niger state and which has been earmarked by government for the dualisation of Minna-Bida Road. But the entire sum may not be accessed by the state considering the fact that the project may not gulp as much as the said entire amount approved.

Meanwhile, the state government has engaged the services of TEC Engineering to rehabilitate, however minimally, the already dilapidated lane on the Minna-Bida road before full scale dualisation begins.

It will be recalled that TEC engineering started work on minna-bida road late last year, but because budget has to be passed and signed before major works of the new continue. The state govt has just released the sum N121millions to TEC engineering to resume back to site.

It is note worthy to disclose that government has decided that whatever was initially spent on the road would be deducted from the loan, a move which would not be a waste of efforts, but a just move to ensure road users, especially our people, are not left to suffer the bad road before the dualisation commences.

The last of the fourth funding source is the $330millions  Kuwait grant which interestingly is not a loan, but an assistance which will be used to construct The Ibrahim Badamasi Babangida  University Teaching Hospital (IBBUTH).

The preceding analysis is a clear indication that Governor Abubakar Sani Bello is not just fair and just, but he  is openly and transparently so. Every zone is well represented in terms of project sharing and it is also important to note that what further informed government’s decision on the location of the projects is their viability.

Project executions by the governor has so far cut across all zones, districts, and councils of the state. The governor has so far proven he is owned by all persons, groups, camps, religions, and sections, sundry as such are located within the sprawling precincts of Niger State.

Abdullberqy U. Ebbo, 

DG, SOU, ICT& Public Enlightenment.
Office of the Niger State Governor,
His Excellency Alhaji(Dr.) Abubakar Sani Bello,
Government House,
Minna.

Post Author: Friday Ekeoba