Metadata about: Fashola's claim that Tinubu was the first governor in Nigeria to raise bond for infrastructure and development in Nigeria is FALSE. Findings by The ICIR has shown that before Tinubu, other states, including regional and local governments, had raised bonds for various developmental projects in Nigeria. Although some of the governments before 1999 were headed by military personnel, the first state to borrow from the bond market when Nigeria returned to democracy in 1999 was the Edo and Delta states governments headed by Lucky Igbinedon and James Ibori, respectively, not Tinubu, who was then Lagos State governor.

About: Fashola's claim that Tinubu was the first governor in Nigeria to raise bond for infrastructure and development in Nigeria is FALSE.Â Findings by The ICIRÂ has shown that before Tinubu, other states, including regional and local governments, had raised bonds for various developmental projects in Nigeria. Although some of the governments before 1999 were headed by military personnel, the first state to borrow from the bond market when Nigeria returned to democracy in 1999 was the Edo and Delta states governments headed by Lucky Igbinedon and James Ibori, respectively, not Tinubu, who was then Lagos State governor. Permalink

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