Skip to main content

PLATEAU STATE EXCO APPROVES 3 BILLION BOND FOR PROJECTS

Photo Credit: Josiah Jonvulu

PLATEAU EXCO APPROVES 3 BILLION BOND FOR PROJECTS, MOVES TO CREATE COOPERATIVE SOCIETY AGENCY 
The Plateau State Executive Council has approved the sourcing of a 3 billion naira bond from the capital market to finance some capital projects.

This was one of the decisions taken during its maiden meeting for 2021 presided over by Governor Simon Bako Lalong at the Exco chambers of the new Government House Little Rayfield Jos. 
Commissioner for Information and Communication Mr. Dan Manjang, Commissioner for Finance Dr. Mrs. Regina Soemlat, and the Commissioner for Commerce and Industry Mr. Abe Aku gave highlights of the decisions taken at Council at a news briefing. 
Commissioner for Information and communication Mr. Dan Manjang said Exco approved the bond as part of its drive to ensure that some of its ongoing projects are completed while other critical ones are introduced.

He said the shortfall in internally generated revenue and federal account allocation accruing to the State due to COVID-19 has necessitated the sourcing of alternative funds to execute critical projects.
Finance Commissioner Dr. Mrs. Regina Soemlat said the 3billion bond is part of the 30 billion naira earlier sourced for the Lalong Legacy projects which after rescoping stood at about 27 billion naira. 

According to her, all funds needed to complete the legacy projects are available and work is going on in all the sites steadily. 
Commissioner for Commerce and Industry Mr. Abe Aku said the Council approved the establishment of the Plateau State Cooperative Society Agency to register, regulate and monitor the operations of all cooperatives in the State and also strethen their contributions to economic development of the State. 

He said a bill will be forwarded to the State House of Assembly which when passed will encourage people of the State to form coperatives to enable them access funds from various Federal Government interventions as well as international development and donor agencies.
On the Corona virus pandemic, the Commissioner for Information Dan Manjang said Council raised concerns over the increase in number of deaths which as at today stands at 53 and directed more testing and enforcement of protocols throughout the state.

The Council also frowned at the destruction of street lights in the capital city by motorists and directed that those who are involved should be arrested and made to pay for replacement. 


Labels:

Comments

Post a Comment

Popular posts from this blog

THE MALIGN AND SENSELESS ATTACK ON SENATOR TIMOTHY ADUDU WITH THE SOLE AIM OF DISCREDITING HIM FOR SINISTER AGENDA

THE MALIGN AND SENSELESS ATTACK ON SENATOR TIMOTHY ADUDU WITH THE SOLE AIM OF DISCREDITING HIM FOR SINISTER AGENDA PRESS RELEASE  With the current political development in Plateau State in relation to the tremendous political appointments granted by President Bola Ahmed Tinubu to lots of our citizens and with some on their way coming, a group of people who felt threatened by achievements of others have embarked on sponsorship of maligners to carry out their nefarious agenda against the achievers to secure political edge and relevance.  It came to our notice that a writeup polluting the social media with falsehood, targets to destroy the hard earned image of Senator Timothy Adudu who is a member representing  North-Central zone at the Federal Roads Maintenance Agency, FERMA. The write-up described him as incompetent and nonchalant towards promoting the All Progressives Congress, APC, the party that gave him the appointment, even threatening to report him to Mr....
Post a Comment
Read more

“Enough is Enough”: Bokkos Likeminds Urge Government to Evict Illegal Armed Fulani Settlers and End Ethnic Cleansing on Ancestral Lands

“Enough is Enough”: Bokkos Likeminds Urge Government to Evict Illegal Armed Fulani Settlers and End Ethnic Cleansing on Ancestral Lands Bokkos, Plateau State — August 6, 2025 The Bokkos Likeminds Association has issued a strong and urgent call to both state and federal authorities, demanding the immediate eviction of illegal Fulani settlers occupying ancestral lands in Bokkos Local Government Area of Plateau State. The group decried what it described as an ongoing campaign of genocide, ethnic cleansing, and unchecked violence, calling for decisive national and international intervention. In a press statement signed by Dr. S.T. Nguwap (President) and Dr. Engr. Morgan Mangai (Secretary General), the association expressed deep outrage over the continued killings, destruction of property, and displacement of entire communities by armed Fulani herdsmen, many of whom they allege are foreign nationals illegally residing in Nigeria. “We can no longer remain silent while...
Post a Comment
Read more

Democracy Day 2025: Plateau Governor Unveils Bold Vision for Economic Revival and Infrastructure Growth

Democracy Day 2025: Plateau Governor Unveils Bold Vision for Economic Revival and Infrastructure Growth H.E.Caleb Mutfwang By Justin Jattim Jos, Plateau State — The air in Plateau State was charged with renewed hope and civic pride as Governor Caleb Mutfwang used the occasion of the 2025 Democracy Day celebrations to reaffirm his administration’s unwavering commitment to revitalizing key economic institutions, transforming public infrastructure, and setting Plateau on a new path of prosperity. In a sweeping series of project inaugurations held across the state, the Governor unveiled a development blueprint that signals a new era of growth—anchored on job creation, public service revitalization, and the rejuvenation of moribund institutions that once powered Plateau’s economy. At the heart of the Governor’s address was a firm declaration to breathe new life into once-thriving institutions that have long been dormant. He named strategic a...
Post a Comment
Read more