August 17, 2018

Kaduna Dep Gov apologises over remarks on World Bank Loan (ThisDay)

Kaduna Dep Gov apologises over remarks on World Bank Loan (ThisDay)

The Deputy Governor of Kaduna State, Barnabas Bala Bantex, has apologised over comments he made regarding the rejection of the $350 million World Bank loan request by the state government.

The Senate had rejected the $350 million World Bank loan, saying that the state already had an existing backlog of $231 million debt with a low internally generated revenue (IGR) status, adding that the facility would worsen the debt profile of the state. The deputy governor, while representing Governor Nasir el-Rufai at the Law Week of the Nigerian Bar Association (NBA), Barnawa, Kaduna chapter on Monday, had said that the World Bank would not grant loan to any state if Kaduna is not included. Read more

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