Kano Assembly approves Gov. Ganduje’s request to access 18.7bn loan from CBN

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The Kano State House of Assembly has approved Governor Abdullahi Umar Ganduje’s request to access N18.7bn loan from Central Bank of NIgeria.

 

This was contained in a letter read before the lawmakers by the speaker of the House Hamisu Ibrahim Chidari.

He said the approval followed the governor’s request in a letter sent to the State House of Assembly.

According to the governor, the loan is inline with the Central Bank of Nigeria’s approval to issue a loans to all the State Governments to cushion the effects of COVID-19 pandemic on the states.

The governor said N10bn out of the money would be used to finance 2021 supplementary budget.

The House, therefore, approved the governor’s request for the development of the state.


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DAILY POST reported that the Jigawa state House of Assembly had also approved Governor Muhammad Badaru Abubakar’s request to access the same amount from the Central Bank of Nigeria.



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