RIVERS BOND: AMAECHI ASSURES INVESTORS OF QUICK RETURNS
Governor Chibuike Amaechi of Rivers State has assured prospec-tive investors in the N250 billion Rivers bond of quick returns on their investment.
Governor Amaechi gave the assurance, yesterday, when a team of Standard and Poors, the international public finance rating body led by its Director International/Sovereign Public Finance, Mr. Lorenzo Pareja, paid him a courtesy visit in Government House, Port Harcourt.
The governor said the state had worked out modalities for paying back the loan, adding: 'We assure all those who would invest in the bond that they would get back their money with good returns in good time.'
He, however, explained that the rationale behind going for the bond was aimed at assisting government fund 'ongoing projects such as the new M-10 Highway, the Greater Port Harcourt City, the Monorail, the New Mega Hospital, the new Rivers State University of Science and Technology complex and several other landmark developmental projects.'
In addition, Amaechi stated that the state government would not wait for the monthly revenue allocation to drive development noting that 'what I've told them is and we must pay back within our tenure.'