EXCLUSIVE: Masari applied for another N14.6 Billion loan from federal government
Katsina state House of Assembly has granted approval to the state executive arm of government under the leadership of Governor Aminu Bello Masari to secure yet another loan of N14.6billion from the federal government under the ‘budget support scheme’ KATSINA POST can authoritatively gathered.
With the approval, the state will now make the request for the loan facility.
The speaker of the house of Assembly, Alhaji Aliyu Sabi’u Muduru said the house reached the agreement for the approval after deliberating on the letter sent to them by the Governor and which was read to the floor by the member representing Matazu LG constituency Alhaji Ibrahim Umar.
The speaker therefore directed the clark of the house to draft a letter granting the executive arm to go ahead to secure the loan and further action.
According to the letter read on the floor of the house, federal government has approved the establishment of a federal guaranteed budget support facility which will provide financial support to states to enable them overcome the economic challenges they are facing including payment of staff, pensioners monthly salary.