Kano Assembly orders review of governor’s N20bn loan request

Governor Abdullahi Ganduje; Photo: DailyPost
Governor Abdullahi Ganduje; Photo: DailyPost

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.

Coronavirus Quiz:

Coronavirus factsheet


PT Mag Campaign AD

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.


TEXT AD: To advertise here . Call Willie +2347088095401...

BE THE FIRST TO KNOW! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.