Tuesday, April 16, 2024

Sokoto Govt denies taking foreign loans to execute projects

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Governor Ahmed Sokoto has refuted allegations that he took loans to execute initiatives in Sokoto State.

The BBC Hausa Service reported on Monday that Sokoto State is among the many northern states which have taken international loans to execute developmental initiatives. In keeping with the report, the present administration has taken a international mortgage amounting to $489 million to execute significant initiatives throughout the state.

Reacting to the report, Governor Sokoto, in an announcement by his press secretary, Abubakar Bawa, denied the allegation, describing it as deceptive and false.

He maintained that his administration has by no means acquired a mortgage from anyone inside or exterior the nation.

“Let me make it categorically clear that I’ve by no means taken any mortgage from anyone since we got here on board. The BBC report was certainly deceptive, and I count on them to confirm the data they claimed to have gotten from the Debt Administration Service earlier than happening air.

“I problem any particular person or physique that has any report of the place we utilized for or acquired any international or native loans to provide the doc.

“You may’t take loans with out following sure procedures, together with in search of approval out of your state lawmakers. In our case, there may be nothing like that,” he said.

The governor additional mentioned that every one the initiatives executed throughout the size and breadth of the state had been funded by the month-to-month allocation from the Federation Account and Internally Generated Income, IGR.

“For now, we don’t want any mortgage earlier than we execute initiatives as a result of we’re managing the little sources of the state very properly,” he mentioned.

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