✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live
SPONSOR AD

Katsina govt counters DMO’s claim on borrowing

The Katsina State Government has refuted the claim by the Debt Management Office (DMO) that the Governor Dikko Umaru Radda-led administration has ballooned the state’s…

The Katsina State Government has refuted the claim by the Debt Management Office (DMO) that the Governor Dikko Umaru Radda-led administration has ballooned the state’s debt profile.

A report recently published by DMO indicated that Katsina under Governor Radda, together with some other states of the federation, collected fresh loans thereby worsening their prevailing debt crises.

However, Ibrahim Kaula Mohammed, the governor’s spokesman, in a statement on Wednesday, faulted the report.

According to the statement, the Governor Radda-led government has preoccupied itself with repaying subsisting loans secured by previous administrations, since it came on board.

4 killed in Taraba, Nasarawa as windstorm destroys hundreds of houses

Nigeria invests €48m in phase 2 of energy support prog – NEDP

The statement maintained that not a single new loan has been collected by the present government in Katsina State.

“This is not to say that the state government will not borrow whenever the need arises. It could borrow to improve the lot of its people and the state in general,” it added.

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.

UPDATE: Nigerians in Nigeria and those in diaspora can now be paid in US Dollars. Premium domains can earn you as much as $17,000 (₦27 million).


Click here to start earning.