Jigawa: Governor Badaru seeks assembly’s approval to access N18.7 Billion Loan

Jigawa: Governor Badaru seeks assembly’s approval to access N18.7 Billion Loan
Join @Naijakit On Telegram For Instant Updates (Click Here)

Jigawa: Governor Badaru seeks assembly’s approval to access N18.7 Billion Loan
18th October 2021, 10:12 PM

Jigawa Governor Badaru Seeks Assemblys Approval To Access N187 Billion Loan

Governor Muhammad Badaru Abubakar of Jigawa State has written the state House of Assembly seeking their approval to access N18.7 billion loan.

This was contained in a letter sent to the state assembly and read before the floor of the house by the majority leader of the house, Alhaji Habu Maigatari.

He said the governor said the internal loan will be used to cushion the effects of loan payment by the federal government.

The letter obtained by Our Source with the title “offer Bridging Finance to cushion the effect of loan payment by the federal government” was signed by the Acting Governor Alhaji Umar Namadi.

“I am pleased to inform the Honourable Speaker that the state government is in receipt of a letter from the federal ministry of finance, budget, and national planning notifying us of the gracious approval of the president for bridging loan facility of about N656.112 billion available to 35 out of 36 states of the federation”.

“The total loan amount to Jigawa State is over 18.746 Billion Naira to be paid in 30 years with 9% interest annually on monthly repayment mode and a moratorium period of 2 years,” the statement said.

The House, however, unanimously approved the governor’s request to access the loan for the development of the state.

The majority leader of the House and member representing Maigatari Alhaji Habu Muhammad said with the loan, there would be no other deduction from the monthly federal allocation and that would allow the state government to execute more development projects for its citizens.

Naijakit creates content to benefit users and artists alike. We do this by showing data in an easy-to-digest format.

We help artists track their progress, promote songs and reach their target audience.

We have permission from the artists to display most of our content, where we do not request permission, Naijakit use content under fair use for purposes such as criticism, comment, news reporting, promotion, and research.

Please do not hesitate to contact us, If Naijakit has infringed on your copyright or the copyright of someone you represent, and you want your media files and lyrics to be removed from Naijakit database.

Naijakit will respond to “any and all take-down requests” that comply with the requirements of the Digital Millennium Copyright Act (DMCA), and other applicable intellectual property laws.

Where we get songs to upload?

Naijakit have an upload form on the site, where users have to be registered

to upload song. Admin look at the song and decide if to approve it or not after some checks.

We also receive songs from artists representatives, artists, bloggers asking us to promote songs on our site.

Naijakit TV


Write a Comment


*NOTE:* You Need To Provide a Valid Phone Number Incase we want to reach you back. or you want us to contact you back.. Via your comment.. Thanks, Your Comment is important to us!