The loan is to be used to completer ongoing projects in the state, the commissioner said.
The Nasarawa State Government has said it will secure N20 billion from the capital market to complete ongoing projects in the state.
The Commissioner for Information, Mohammed Hamza-Elayo, said this at the end of the State Executive Council meeting in Lafia on Friday.
Mr. Hamza-Elayo said that part of the money would be channeled to the completion of Gitata/Panda Road, the upgrading of Lafia/ Doma and Uke/Masaka/Karu water schemes.
According to him, the money will be used to build more hostels in the state-owned tertiary institutions, and to complete the Keffi and Karu International Markets.
“Besides, the completion of Lafia and Akwanga Road, a modern market will be built at Lafia and Akwanga.
“The projects are to strengthen the state’s internally generated revenue to complement the allocation from the federation account.
“The government cannot continue to depend on its little resources hence it decided to approach the capital market to raise funds for the projects,” he said
He pledged that the administration would ensure accountability, transparency and due process in the service to the people of the state.
The Special Adviser on Special Duties to the Governor, Mohammed Abdullahi, added that the money realised from the projects would be used to service the bond in the next 10 years.
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