in the sum of USD350 million as contained in the 2016 – 2018 External Borrowing (Rolling) Plan of President Muhammadu Buhari.
The three Senators, Shehu Sani, APC, Kaduna Central; Suleiman Hunkuyi, APC, Kaduna North and La’ah Danjuma, PDP, Kaduna South said that it became imperative for the credit facility to be rejected because critical stakeholders from the State were never consulted and for the fact that the State was already heavily indebted.
The rejection followed the presentation of the Report of Committee on Local and Foreign Debts Kaduna State Development Policy Operation (DPO) Credit Facility of USD 350 by its Chairman, Senator Shehu Sani (Kaduna Central).
According to the latest Debt Management Office figures, Kaduna State has a total debt stock of USD232.1 million. That approving the current loan request of USD350 million for Kaduna State will bring its total debt stock to USD582.1 million.
GUYS, WHAT DO YOU THINK?
....
LINKS YOU MIGHT LIKE
Follow Edeson News on Instagram & Twitter:.
@EndyEdesonNews
................
Are you Looking For A Job?
Apply Now At : www.job247sure.com
..................
Read More News Stories on my News Website
www.edesononlinenews.com
................
For ICT Tutorials, Business Tips and General Learning, visit my Tutorials blog.
www.EdesonTutorials.blogspot.com
............
FACEBOOK COMMENTS
