Ogun State governor Senator Ibikunle AmosunGov. Ibukunle Amosun of Ogun on Thursday said that the state would likely access the Nigerian Stock Exchange (NSE) with bond issuance for infrastructure development.
Amosun said this at the exchange while addressing market participants in Lagos.
The governor led a delegation of his administration to the NSE to begin initial discussions for possible bond issuance that would correct the current funds mismatch where short-term borrowing was being used for long-term projects in the state.
Amosun said most people would be worried that the state was coming at the twilight of his regime to raise bond.
He said that the economy of the state was not buoyant when he came on board and that the state might not be able to fulfill any debt obligation like that of bond raising with a very weak economy.
“Very soon, Ogun State is going to come and when we do come, I hope you will receive us.
Ogun Govt to expand infrastructure development with bond issuance – Amosun
