Governor Abdullahi Ganduje of Kano State has gotten the approval of N15 billion bank loan from Kano State House of Assembly to fund the state’s compulsory and free education.
The State House of Assembly approved the N15 billion loan request on Wednesday during its plenary session presided over by the Speaker, Alhaji Abdulazeez Garba-Gafasa.
Ganduje had on Tuesday forwarded a letter to the House of Assembly seeking their approval to get the loan. On Wednesday (today) the Speaker of the House gave the of the loan.
The legislators approved the request after the Deputy Majority leader, Alhaji Kabiru Hassan-Dashi who supervised the House Committee on Local Governments presented its report before it.
The committee recommended the approval of the request saying the fund would be used to construct more classes and rehabilitate some aimed at reducing congestion in the schools.
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Hassan-Dashi further explained that the loan will also support the provision of free uniforms for the students and also enhance the school feeding initiative by the state government.
After deliberations by the legislators, the Assembly adopted the motion and approved the request.
In his request, Ganduje stated that each of the 44 local government areas will receive N340 million if approved adding that it is aimed at ensuring the sustainability of the free and compulsory education declared by the state.
The payment condition for the loan will be 30 months with an interest of15 percent only.
More so, in repaying the loan, it will be deducted from the local governments’ monthly Federal allocations.
