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Kano Assembly approves N50bn Ganduje’s loan

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Kano State House of Assembly has approved the request by the state governor, Dr. Abdullahi Umar Ganduje to access N50 billion bond from…

Kano Assembly approves N50bn Ganduje’s loan  

 

By Usman Gwadabe with agency report

Kano State House of Assembly has approved the request by the state governor, Dr. Abdullahi Umar Ganduje to access N50 billion bond from the Capital Market.

The Speaker of the House, Abdulazeez Garba Gafasa, on Wednesday, read a letter signed by the governor, dated March 24, seeking their approval to access the loan.

The Speaker, who presided over the plenary, explained that the loan is to enable the government to complete some ongoing projects as well as embark on new ones.

He said the loan, as contained in the letter, would be repaid within 10 years.

Gafasa directed members to go back to their respective constituencies and embark on prayers against COVID-19 pandemic.

He prayed for God’s protection of all Nigerians against the disease, wishing those already infected speedy recoveries.

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