Kano Assembly Approves Ganduje’s N10 Billion Loan Request

The Kano House of Assembly on Wednesday approved a request from Abdullahi Ganduje, the state governor, for a N10 billion loan.

The request was contained in a letter dated March 18, 2022, which the governor sent to the assembly.

On Wednesday, Assembly Speaker Hamisu Chidari read the request in plenary.

The governor said the loan is to fund a closed circuit television (CCTV camera) project in Kano metropolis.

The letter stated that the loan would be obtained from Access Bank PLC for the development of security infrastructure.

Lawmakers have argued that Kano is one of the most peaceful states in the country, so the government must install technology to protect the state from internal aggression.

After deliberations, lawmakers passed the motion and approved the governor’s request.

Previous loans

In September 2020, the Assembly granted Mr. Ganduje a N4 billion loan to finance the final phase of the Challawa-Goje Electric Power Project and Tiga Hydro.

The Assembly had previously approved a N10 billion loan for the project. The governor argued that the initial loan for the project was insufficient.

‎Governor Abdullahi Ganduje of Kano State [PHOTO CREIDT: kanostate.gov.ng]

In March 2021, the Assembly also approved Mr. Ganduje’s request to access domestic loans of N20 billion to finance investment projects such as the Janguza-Durum-Kabo-Karaye road, the completion from flying over Dangi, construction of township roads to Rano, Bichi, Emirates Gaya and Karaye.

Earlier in November 2020, the Governor sought and obtained the approval of the House of Assembly to obtain a N20 billion loan fund for the public health sector to combat the COVID-19 pandemic.

Similarly, in March 2020, the Assembly also approved Ganduje’s request to access the N50 billion domestic debt market to execute infrastructure projects.

According to the available record obtained from the Debt Management Office (DMO) website, the debt profile of Kano State as of March 31, 2022 reached N127,847,657,184.82 (domestic).

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