Kano Assembly Approves N10 Billion Loan Request By Governor Ganduje

Kano State House of Assembly has on Wednesday approved the N10bn loan request of Governor Abdullahi Umar Ganduje.

The loan request was sent to the assembly by Governor Ganduje titled ‘’Request for Approval to Secure N10, 000,000,000.00 Loan Facility From Access Bank PLC For Security Infrastructure Development’’.

At the plenary on Wednesday , the Speaker, Hamisu Ibrahim Chidari read the loan request letter dated March 18, 2022 and acknowledged by the Assembly Clerk on May 10, 2022.

Immediately after reading the request, the members unanimously approved after a contribution from the Majority Leader of the House , Labaran Abdul Madari member representing Warawa constituency and Chief Whip Ayuba Labaran Durum from Kabo constituency.

Speaking on the issue, Labaran Madari said the reason for the loan was in order.

”These gadgets would be installed in all the headquarters of the five emirates in the state.

”The entire essence is to strengthen security and mitigate crime in the state,” he said.

He said that the loan had a single-digit interest rate with a repayment period of 10 years and a moratorium of one year.