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Gov. Radda woos investors, to raise bonds for projects

Katsina State Governor, Dikko Umar Radda, yesterday, sought partnership with the Nigerian Exchange (NGX) Group Limited to raise bonds to finance critical projects in his state.

Radda, who led the state delegation, spoke shortly after he performed the closing gong ceremony at the NGX in Lagos.

The governor expressed the government’s readiness to raise Green and Sukuk bonds to finance critical projects in power, agriculture, education, health and other sectors.

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Radda said his government had invested heavily in technology, mechanisation, agriculture and improving on its Internally Generated Revenue (IGR).

He also said Katsina has huge economic potential, especially in agriculture and natural resources, making it an investors’ choice.

Radda said, “We have also invested heavily in the area of prudence and accountability, transparency by increasing our IGR, by also introducing TSA into our system and also ensuring that there is efficiency in whatever we do.

“We also created so many policies including climate change policies, PPP and a lot of others that allow investors the opportunities to invest.

“We have also performed wonderfully in the area of enabling environment. We have done extensively well in the area of providing funds for MSEMs. We are leading as a state by investing over N10 billion for MSMEs capital.

“We have also done very well in the area of digitalisation and mechanisation scheme for agriculture in which over 12m dollars were invested to do that.”

 

The governor said the government intends to raise capital in order to finance critical projects to enhance economic prosperity and better living conditions for the people of the state.

 

The group Chairman of NGX, Alhaji Umar Kwairanga, expressed the group’s readiness to partner with the Katsina State government to raise the needed capital.

 

“We are ready to partner with the Katsina State Government to make sure your laudable projects are achieved,” he said.

 

Kwairanga disclosed that over N3 trillion had been raised last year through the market for the banking sector during the recapitalisation exercise.

 

“This market is a market where we share wealth to all Nigerians,” he told the governor.

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