FG to raise fund from bond for Calabar-Itu highway

The Senior Special Assistant to the President on Niger Delta Development Commission (NDDC), Ita Enang, said the federal government has requested funding support from SuKuk bond to finance the completion of Calabar-Itu highway.

Mr Enang, who was fielding questions from journalists, in Uyo on Friday, said this would be through the Debt Management Office and other multilateral sources to enable it finance the Calabar-Itu road project.

The presidential aide said he had personally written to the Ministry of Finance and the Ministry of Works and Housing to assist the project with loan from the SuKuk bond.

“Right now we are looking at multilateral sources of funding the road.

“I have written and I am requesting for funding support from the ministries, from the SuKuk bond through the…

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