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Sokoto Assembly approves Tambuwal’s N28.7bn loan request

kunle kunle by kunle kunle
January 11, 2024
in Headline, News
Reading Time: 1 min read
Sokoto Assembly approves Tambuwal’s N28.7bn loan request
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Sokoto State House of Assembly on Tuesday approved Governor Aminu Tambuwal’s request to access two loan facilities worth N28.7 billion in the state.

The development followed the consideration of the two letters the governor sent to the Assembly by the Committee of the Whole House.

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Tambuwal has requested the Assembly to approve the government’s quest to access the Federal Government’s N18.7 billion intervention facility and N10 billion on behalf of all the 23 local government areas in the state.

A member of the House, Alhaji Bello Ambarura, said during the debate on the request that the federal government’s intervention facility was part of the N656.1 billion approved by President Muhammadu Buhari for the 36 states of the federation.

He said: “The facility is aimed at helping the states to cushion the effects of the repayment of the existing federal government’s intervention on budget support.

“It also includes Excess Crude Account-backed loan and salary arrears bailout facility.

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