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Kano Government Pays Over 63 Billion Naira Debt, Refutes Allegation of Borrowing 177 Billion Naira

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The Kano State Government has refuted allegations of borrowing 177 billion Naira from France, stating that the claims are false and malicious. The Director General of the Kano State Debt Management Office, Dr. Hamisu Sadi Ali, made this statement during an interactive session with newsmen in Kano.

“Our attention has been drawn by a malicious publication by the online newspaper, DCL HAUSA, which falsely claimed that the Kano State Government under the leadership of Alhaji Abba Kabir Yusuf had received the sum of 177 billion Naira as a loan from France,” Dr. Ali stated.

Dr. Ali emphasized that the Kano State Public Debt Management Law 2021 clearly states that the State Debt Management Office shall borrow on behalf of the Government from any individual or institutional bodies, subject to the provision of the act. “Whenever the Government intends to borrow internally or otherwise from individuals or institutions, it has to be through the State’s Public Debt Management Office,” he explained.

He clarified that the loan in question was actually signed by the previous administration led by Dr. Abdullahi Umar Ganduje. “Dr. Ganduje’s APC administration signed a subsidiary loan agreement for the Third National Urban Water Sector Reform Project of about 64 million Euros with the French Development Agency in July 2018. Unfortunately, this is the loan that DCL Hausa claimed was contracted during the current administration,” Dr. Ali noted.

Dr. Ali provided a detailed breakdown of the current debt portfolios of Kano State, including foreign loans and domestic loans. He highlighted that no government in the history of Kano State had ever borrowed from domestic lenders, except for the Ganduje administration, which contracted and signed six different loans from various commercial banks.

“As the person in charge of the entire State’s debt portfolios, I can confirm that since the inception of Alhaji Abba Kabir Yusuf’s NNPP administration on May 29, 2023, no single penny has been signed, contracted, or received by the Kano State Government as a loan,” Dr. Ali reiterated.

He also mentioned that the current administration has made significant efforts to reduce the state’s debt burden. “His Excellency, the Executive Governor of Kano State, Alhaji Abba Kabir Yusuf, has paid external debts of about 3.49 billion Naira and domestic debts of 60.02 billion Naira, totaling 63.51 billion Naira for the first and second quarters of 2024,” Dr. Ali stated.

Dr. Ali appealed to the general public to ignore the fake and politically motivated news from unscrupulous sources like DCL Hausa. “Journalism should be a deeply investigative venture and not a mere non-factual fabricated report,” he concluded.

 

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FG proposes N47.9trn as the 2025 budget

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President Bola Ahmad Tinubu

 

The federal government has proposed N47.9 trillion as the total expenditure in the 2025 budget.

Atiku Bagudu, the minister of budget and economic planning, told journalists on Thursday, after the federal executive council (FEC) meeting presided over by President Bola Tinubu.

Vaguely said the council approved the medium-term expenditure framework (MTEF) for 2025-2027.

He said the government pegged the crude oil benchmark at $75 per barrel and oil production at 2.06 million barrels per day (bpd)

The budget minister said the exchange rate was pegged at N1,400 per dollar, noting that the government is targeting a gross domestic product (GDP) growth rate of 6.4 percent.

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Government Declares Public Holiday

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Ondo state government has declared Friday a public holiday to enable civil servants and others to travel to various communities to exercise their civic responsibilities.

This was contained in a statement on Wednesday evening signed by O.F. Ayodele, Permanent Secretary, Office of the Head of Service.

The statement reads, “The 2024 Governorship Election in Ondo State has been scheduled by the Independent National Electoral Commission (INEC) to be held on Saturday, 16th November 2024.

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To this end, the Ondo State Government has declared Friday, 15th November 2024 as Work-Free Day for Public Servants in the State to enable them to travel to various communities to exercise their civic responsibilities.

“All Accounting Officers are to note the content of this Circular and disseminate same to all staff of their respective Ministries, Departments and Agencies.

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Atiku Has No Chance In PDP, Won’t Get 2027 Presidential Ticket ,Says Wike

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Nyesom Wike, Minister of the Federal Capital Territory (FCT), recently cast doubt on former Vice President Atiku Abubakar’s prospects of securing the Peoples Democratic Party (PDP) nomination for the 2027 presidential race.

During a live media interview on Wednesday in Abuja, Wike pointed out that Atiku’s policy proposals have been repeatedly presented to the Nigerian people and consistently dismissed by voters.

It can recalls that Atiku, the PDP’s presidential candidate in 2023, recently asserted that his administration would have provided relief from the current hardships faced by Nigerians under President Bola Tinubu.

Responding to this, Wike questioned the viability of giving Atiku another chance, saying, “Did he (Atiku) not present his blueprint to Nigerians? Did they choose him?”

“He is lobbying for another chance, but that chance will not be there. In which party? How can we rely on one individual for so many years?”.

Drawing an analogy with U.S. politics, Wike compared the decision-making process to American voters’ choices, emphasizing that citizens often prioritize the nation’s welfare when casting their ballots, regardless of individual opinions on candidates.

He suggested that while criticisms are part of the democratic landscape, the Nigerian public had assessed Atiku’s vision in 2023 and opted for a different path.

Politics Nigeria

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