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Kano Assembly approves N20 billion loan repayable in 20 months

Last updated: November 30, 2020 7:47 pm
5 years ago
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1 Min Read
Kano
Kano Assembly

The Kano State House of Assembly has approved the N20 billion loan facility being sought by the State Government.

The loan is to be accessed from a commercial bank to complete work ongoing infrastructure projects in the State.

Leading the debate, Majority Leader of the Assembly said the loan is repayable in 20 months at 9 percent interest rate.

Read Also: Kano Assembly in rowdy session over Emir Sanusi

Meanwhile, the Assembly also resolved to pardon and reinstate 5 members suspended on March 16 following their opposition to a motion that was to be moved on March 9 on the removal of former Emir of Kano, Muhammad Sanusi.

The Federal High Court sitting in Kano has earlier voided the suspension and ordered their reinstatement.

(Editor: Terverr Tyav)

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