The Kano State House of Assembly has directed its Committee on Finance to scrutinise the content of a letter sent by Governor Abdullahi Ganduje seeking approval for a N20 billion loan which will be secured from the Central Bank of Nigeria.
The Majority Leader, Yusuf Atta, on Wednesday read the details of the letter on the floor before the House
Mr. Atta said the state government would disburse N6 billion to the 44 local government councils as bailout package out of the loan.
According to him, part of the loan would be sunk into settling pensioners’ arrears and the payment of salaries of newly employed health workers.
The Governor in the letter, also said that part of the money would go into settling the arrears of workers promoted recently.
Mr. Atta explained that the loan to be granted to the 44 local governments was payable within a period of 20 years.
He noted that the local governments were expected to spend the money on the execution of projects.