Kano Assembly Approves Ganduje’s N4bn Loan Request for Power Project

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

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

“This is because the earlier N10 billion loan obtained was inadequate for the completion of the projects, and considering the present economic challenge and naira exchange rate variation. And the projects are dollar-dependent; that’s why we requested an additional N4 billion to complete the projects,” the governor stated in a letter.

Ganduje in the letter explained that the State Executive Council at its meeting on October 6, 2020, deliberated on the projects and approved an additional N4 billion loan facility from the Central Bank of Nigeria (CBN) Power and Aviation Intervention Fund at its completion

Adopting the motion to the Assembly, the Majority Leader, Mr. Labaran Abdul Madari, during the plenary, explained that the Assembly unanimously approved the request.

2 Comments Add yours

  1. MarlowMarlow https://tianya.cn/ says:

    Marlow https://tianya.cn/


  2. Farmer https://17ok.com/Farmer says:



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s