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Home Latest Katsina Gov’t Seeks $110 Million Loan from Islamic Development Bank
Katsina Gov’t Seeks $110 Million Loan from Islamic Development Bank

Katsina Gov’t Seeks $110 Million Loan from Islamic Development Bank

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The Katsina state government has requested a total sum of $110 million loan from Islamic Development Bank to fund Health System Project across the state.

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The acting president Yemi Osinbanjo last week urged the legislative arm of the government to put into consideration and ensure an accelerated approval to borrow a total sum of $1.5 billion from multilateral agencies and France by 10 states of the federation which Katsina state is included.

According to Premium Times, the state’s loan requested were parts of the 2016-2018 External Borrow (Rolling) plan whose approval the presidency had sought since last August.

Here is list of the state in need of the loan.

  1. Katsina state-          $110 Million                        Islamic Development Bank
  2. Ogun State-             $350 Million                        World Bank
  3. Kaduna State-         $350 Million                        World Bank
  4. Ebonyi State-          $70 Million                          Islamic Development Bank
  5. Abia state                 $100 Million                        Islamic Development Bank
  6. Jigawa state            $32 Million                          Islamic Development Bank
  7. Kano state               $200 Million                        French Development Agency
  8. Plateau state           $200 Million                        French Development Agency
  9. Enugu State            $200 Million                                        “
  10. Ondo state              $200 Million                                        “

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