By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Governor Peter Obi of Anambra State South East Nigeria at the weekend said the State will not issue Bonds at the Nigerian Stock Exchange (NSE) to raise funds for its developmental projects.

Governor Obi said this at the Hallmark’s People of the Year 2011 Awards organised by Business Hallmark Newspaper in Lagos Nigeria.

“We will not issue Bonds to raise funds for the various developmental projects going on in Anambra State,”he said.

As earlier reported, checks by www.investadvocateng.com shows that Governor Obi serving his second term in office, has impacted positively on the lives of the Anambra people in the areas of economy, security, infrastructure and other aspects of life.

Governor Obi known for his zero tolerance on Corruption in the State; being careful on how the State resources are spent; created the structure for the State to move forward.

Some of the projects he has embarked on include extensive road network in the State of over 500 Kilometres both in urban and rural areas, unveiling a Master Plan for three major cities in the State; these are Awka, the State Capital, Onitsha and Nnewi.

Apart from these, he has engaged Courteville Business Solutions Plc on waste management of the State, provided Boreholes for water supply to the people of Anambra State.

Governor Obi has also engaged in housing development, huge support for all levels of educational Institutions-Primary, Secondary and Tertiary.

In the area of Security, www.investadvocateng.com checks reveals that the State have also received regular support from the Governor Obi’s administration, at the end of year 2011, he launched a N4 billion Security Trust Fund; while disbursing N354 million to ensure adequate security and maintenance of roads in the State.

Governor Obi earlier in the month of March 2012 had received and emerged the last man standing at the year 2011 Zik price award for Good Governance.

Obi was among the three (3) Governors in Nigeria that received the award.

According to Organisers, the award was meant to encourage the development of patriotic leadership among Nigerians, Africans and all black people in the world.

Meanwhile, the Nigerian Stock Exchange (NSE) Thursday May 03 2012 admitted 15.10 percent (15.10%) of the Federal Government of Nigeria (FGN) April 2012 Bond on its Daily Official List, bringing the total Federal Government Bonds to 27.

Also, reports from the Nigeria’s Exchange on the Over-the-Counter (OTC) Market for FGN Bonds as at May 04 2012 shows a Turnover of 133.696 million units worth N128.58 billion in 612 deals were recorded in the week under review compared to a total of 73.460 million units valued at N60.53 billion exchanged in 631 deals during the week ended April 27, 2012.