Kwara to spend N56b on infrastructure
Kwara State government will spend N56 billion on infrastructural development in the 16 local governments next year.
It said of the amount, it would obtain N20 billion bonds from the capital market.
Governor Abdulfatah Ahmed, who spoke at the weekend in Ilorin when addressing stakeholders, said: "The bond is one of the ways we will devise to execute capital projects next year."
He urged council chairmen to improve their internally-generated revenue (IGR) to augment the shortfall in the federation account.
Said Ahmed: "We must look for alternative if we must continue as a government. The dwindling allocation from the federation account is why we have arrears of primary schools' and local government workers' salaries.
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