Governor Aminu Bello Masari has insisted that his administration’s decision to obtain 10 billion naira infrastructure loan from CBN was to secure future of Katsina State and not to mortgage it.
Reacting to a statement credited to Katsina state chairman of National Conscience Party (NCP), Abdulmumini Sani who likened the loan to trading away future of Katsina, Masari said there was a compelling need for the loan.
In a statement signed by his media aide, Abdu Labaran and made available to newsmen, Masari said the wastage of previous administration compelled him into taking the loan
“This administration would not have found it necessary to resort to taking these or any other loans had the previous administration in the the state made judicious use of the over N1 trillion it had earned as revenue from the Federation Account and Internally Generated Revenue in the eight years it had been in office”
“The Governor Aminu Bello Masari led APC administration in Katsina state shares the concern of the Chairman of the Katsina State chapter of the National Conscience Party (NCP), Malam AbdulMumin Sani over the future of the state and its children.
“However, the state government does not share his views that the loans from the Central Bank of Nigeria (CBN) approved for the government by the Katsina state House of Assembly amount to mortgaging the future of Katsina State and its children.”
Masari said “The loans, apart from the fact that there is a compelling need for taking them, they are offered by the CBN to bail out the states from the financial dire straits they have found themselves, as a result of which many of them were unable to pay workers salary for months and or pension and gratuity.”
Our correspondent reports that the state government had pledged to use the N10 billion infrastructure development loan to boost Education, Health, Water supply and Agriculture.
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