The Katsina State House of Assembly on Tuesday approved Gov. Aminu Masari’s request for a loan of N2billion from the Central Bank of Nigeria (CBN).
The state lawmakers approved the loan request following a motion moved by the House Majority Leader, Alhaji Lawal Isa, which was seconded by Abubakar Yahaya.
Moving the motion, the Majority Leader had reminded his colleagues that the state government and the CBN had earlier explained to the House the importance of the loan to the state, which is to develop Micro, Small and Medium Enterprises in the State.
This, he said, was convincing and expedient and, therefore, called on the lawmakers to approve the request of the governor.
“We were convinced by the explanations because the loan would assist to boost socio-economic activities and eradicate poverty in the state; 60 per cent of the loan will be disbursed to women, while 40 per cent would be for males,’’ Isa said.
Also contributing to the motion, another lawmaker, Alhaji Abubakar Suleiman, submitted that the loan request was timely, considering the hardship that the people were going through.
Suleiman urged the House to approve the request, adding that it would go a long way in ameliorating the living condition of the poor, if properly utilised.
He said: “The request is timely considering the way people are suffering. So, it will go a long way to alleviate their hardships and boost business activities.’’
Consequently, the Speaker, Alhaji Aliyu Sabiu, directed the clerk to forward the House Resolution to the governor following the unanimous approval of the loan request.
Governor Masari (APC), a former Speaker of the Federal House of Representatives who took over power from PDP’s Ibrahim Shema, has been consistently critical of his predecessor’s financial profligacy and has promised to probe him for fraud.
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