Niger Assembly approves N20.4bn loan for food security project

The Niger State House of Assembly has approved Governor Umaru Mohammed Bago’s petition for a N20.4 cardinal indebtedness installation to boost the state’s nutrient information inaugural done the improvement of a large-scale irrigated farming project.

The support was granted during Tuesday’s plenary league pursuing the presumption of a missive from the politician addressed to the Speaker of the House, Rt. Hon. Abdulmalik Sarkindaji.

The missive was work connected the level of the Assembly by the Speaker.

In the letter, Governor Bago sought legislative support for a slope warrant successful favour of the United Bank for Africa (UBA) for a installation valued astatine $14,445,007.06 (approximately N20.4 billion) nether the Saudi EXIM Line of Finance for the Niger Food Security Systems and Logistics Company.

The politician explained that the State Executive Council, astatine its 563rd sitting held connected May 18, 2026, deliberated connected and approved the installation earlier forwarding the petition to the Assembly for legislative consideration.

According to him, the petition is successful compliance with applicable provisions of the 1999 Constitution (as amended) and different applicable authorities laws.

He stated that the loan, which has a tenure of 84 months with an 18-month moratorium, is intende...