Articles

‘Kano Will Not Borrow from the Capital Market’

28 Dec 2012

Views: 1,922

Font Size: a / A

Rabiu-Musa-Kwankwaso1603.jpg - Rabiu-Musa-Kwankwaso1603.jpg

Governor Rabiu Musa Kwankwaso



Ibrahim Shuaibu in  Kano

Kano State Government will not borrow loan from the Capital Market to execute any project, but would execute project on the proposed N235 billion of 2013 Appropriation Bill submitted to the state House of Assembly.
The state Commissioner for Budget and Economic Planning, Alhaji Bello Yusuf Danbata, told journalists on thursday, that since the coming into office of Governor Rabiu Musa Kwankwaso-led administration, no single kobo had been borrowed either from within or outside to execute any project.

Danbatta noted that among the new programme , the government would undertake this year was to conduct the local government election, while N1.5 billion had been set aside from the proposed budget to continue with the feeding policy in primary and senior secondary schools.
He added that due to the prudent spending of the Kwankwaso’s administration, an unspent N21 billion was carried forward from 2011 to 2012, saying more of thes were also carried forward to the 2013 fiscal year.
The commissioner, however, disclosed that the two flyovers the present government was planning to construct would gulp about N8.5 billion, while the state government would also spend about N2.5 billion to construct residential houses in Abuja for the people of the state to acquire.

“In order to ease transportation system, the government has earmarked a sum of N3.5 billion to procured taxis and buses and distribute them to people and whoever would be benefited from this gesture would be  required to deposit 10 per cent,” he said.
The commissioner also disclosed that a sum of N500 million would also be set aside for the construction of additional buildings at the Audu Bako secretariat to accommodate some of the ministries that were scatter across the state capital.
He said the state government had proposed to build a befitting conference centre at the Kwankwasiyya village, which would gulp about N600 million.

He further hinted that just as the incumbent government sponsored 501 students to various universities for Master programme, a certain amount from the budget has also been earmarked to sponsor another 502 students to Master programme in foreign universities this year.

Tags: Politics, Nigeria, Featured, Kano, Capital Market

Comments: 0

Rating: 

 (0)
Add your comment

Please leave your comment below. Your name will appear next to your comment. We'll also keep you updated by email whenever someone else comments on this page. Your comment will appear on this page once it has been approved by a moderator.

comments powered by Disqus