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Kano elders petition Buhari,
others over Ganduje’s move
to take loan from China
Kano Unity Forum, headed by a former
presidential candidate of the defunct National
Republican Convention, Alhaji Bashir Tofa, has
petitioned President Muhammadu Buhari, the
National Assembly, and the Federal Ministry of
Finance, against moves by Governor Ganduje to
take over N300 Billion loan from China.
The elders who are local based and specialized
groups on Thursday expressed grave reservations
against the insistence resolve of the Governor to
obtain loan from China Development Bank to
construct phase 1 component of Light Mono Rail
project in the State metropolis.
The petition signed personally by elder statesman,
Alhaji Bashir Othman Tofa on behalf of Kano Unity
Forum and made available to newsmen, explained
that “save for few in official circles, nobody else
knows the terms and conditions of the loan
agreement”, adding that, “the exact amount being
borrowed is shrouded in secrecy”.
The strongly worded statement noted that, “A 1st
phase of the project costing over N300 billion, or
may be even the N828 billion mentioned by
others, coming mostly from a foreign loan is
mind-boggling, to say the least. A rethink is not
only needed, but necessary.”
Tofa in the signed statement stressed that “based
on the analysis of the present indebtedness of
Kano State as provided for by the Debt
Management Office (DMO) Nigeria, it is extremely
difficult, almost impossible for Kano State to
sustain any indebtedness beyond the current
liability portfolio of the state.”
The Forum cautioned that, “It needs to be noted
that a rail project is never a project to be put in
haste as we observed that it is neither in the
medium nor long term plans of the State
Government.”

The Kano stakeholders stated that, “If indeed the
Chinese want to genuinely help with cheap loans,
they should be requested to support critical
sectors such as education, health, agriculture,
power, science and technology, infrastructure,
industry and water supply”, adding that “after all,
the Chinese have become world leaders in these
aspects of transformative development.”
The Group declared that “Kano Unity Forum would
not give any self-serving politician the latitude to
increase poverty and deprivation within the general
public through ill-conceived public works.”
The Forum cautioned that, “We shall not be
deluded by the attractive idea of good return from
the investment. Rail project world over are known
as highly capital intensive with a very negligible
rate of return on investment. It’s more of a social
welfare project, especially in less developed
economies.

Pastor Victor Elom

OMSNEWS kano


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