DMO Report: Kastina Govt denies incurring fresh loans

0
24

 

 

By: Admin

KATSINA, North-West, Nigeria – The Katsina State Government has refuted claims by the Debt Management Office, (DMO), that the Governor Dikko Radda-led administration has acquired fresh loans thereby increasing the state’s debt profile.

A report recently published by DMO indicated that Katsina under Gov Radda, together with some other states of the federation, collected fresh loans, to worsen their prevailing debt crises.

However, the Spokesperson to the Governor, Ibrahim Kaula Mohammed, in a statement released to newsmen faulted the report.

According to the statement, the Governor Radda-led government has preoccupied itself with repaying subsisting loans secured by previous administrations, since it came on board.

The statement maintained that not a single new loan has been collected by the present All Progressives Congress, (APC), government in the state, under Gov Radda.

“This is not to say that the state government will not borrow whenever the need arises. It could borrow to improve the lot of its people and the state in general.

“At the moment, however, there is no new loan. While we appreciate the efforts of the media in keeping the public informed about government activities, we regret any inconvenience the publication might have caused.

“We call on the media, and the members of the public to continue to support the present administration in its efforts at providing meaningful projects to uplift the living standard of its citizenry,” the statement stated.

LEAVE A REPLY

Please enter your comment!
Please enter your name here