Home Latest Katsina State Govt. Secured ‘only’ N29bn From 2015 to date – S. A. To Masari
Katsina State Govt. Secured ‘only’ N29bn From 2015 to date – S. A. To Masari

Katsina State Govt. Secured ‘only’ N29bn From 2015 to date – S. A. To Masari


The Katsina State Government says loan secured by the State Government from the Central Bank of Nigeria (CBN) and a commercial bank is to the tune of only N29 billion as against the figure given by the state’s opposition, PDP .
Alhaji Farouk Jobe, the Special Adviser to the Governor Masari on Banking and Finance disclosed this during the annual budget break down on Tuesday in Katsina.
He said the state government collected the loans to develop its infrastructure and settle pensions and gratuities of its retired staff.
Jobe disclosed that the state government collected a loan of N11.5billion as bailout from the CBN, which was used to settle the pensions and gratuities of over 11,000 retired civil servants.
“The previous administration in the state refused to settle the pensions and gratuities of retired 11, 000 civil servants in the state.
“We also collected a loan of N10billion to develop our education, health, water supply, environment and road sectors from the Federal Government.

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

According to him: “Out of the N10billion loan, we earmarked N2billion to health sector; where we allocated N1 billion to restore Katsina General Hospital, we aso distributed N500 million to Daura General Hospital and N500 million to Funtua General Hospital”.

Jobe also disclosed that the remodel and overhauling of the three General Hospitals had achieved 80 for each penny finish.

The consultant uncovered that the state government additionally gathered N5billion credit from a business bank to finish street restoration began by the past organization and the new ones began by the present organization.

“We have utilized the credit to finish more than 200 kilometers of street extends in the three senatorial zones in the state.


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