HomeLocal NewsAssembly approves Gov. Ganduje’s N4bn loan request for power project

Assembly approves Gov. Ganduje’s N4bn loan request for power project

Date:

Related stories

Gov Yusuf probes commissioner linked to release of suspected drug dealer Danwawu

Kano State Governor, Abba Kabir Yusuf, has launched an...

Kano commissioner withdraws surety for drug suspect Danwawu

Kano State Commissioner for Transportation, Alhaji Ibrahim Namadi, has...

Fake EFCC officials jailed in Kano

The Kano Zonal Directorate of the Economic and Financial...

Kano govt sends 588 students to 15 states for exchange programme

The Kano State Government has dispatched 588 students to...

Kano commissioner secures bail for suspected drug dealer Danwawu

Kano State Commissioner for Transport, Ibrahim Namadi, has stepped...
spot_img

The Kano State House of Assembly has granted Gov. Abdullahi Ganduje an additional N4 billion loan for a power project in the state.

This is following the adoption of a motion by the majority leader, Alhaji Labaran Madari(APC-Warawa), during the plenary on Wednesday in Kano.

Ganduje had transmitted a letter to the House seeking approval for the loan to finance the final phase of Challawa- Goje and Tiga Hydro Electric Power Project.

The governor, in the letter, explained that the State Executive Council, at its meeting on Oct. 6, 2020, deliberated on the project and approved an additional N4 billion loan facility from the Central Bank of Nigeria’s Power and Aviation Intervention Fund its completion.

“This is because the earlier N10 billion loan obtained was inadequate for completion of the project and considering the present economic challenge and naira exchange rate variation.

”And the project is dollar dependent; that’s why we requested for additional N4 billion to complete the project,” he said.

After deliberations by the lawmakers, the house unanimously approved the request. (NAN)

Subscribe

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here