Business leaders advise Kano government to take loans to meet obligations

Business leaders in Kano have asked the state government to seek loans from around the world to meet its infrastructural needs.

Abdullahi Ganduje

The business leaders said this at a meeting held at the State Library on Sunday. The meeting, called by the Chamber of Indigenous Contractors, was also attended by lawyers, engineers, contractors, artisans, company owners, religious leaders.

The meeting also advised the Abdullahi Ganduje- led government to go seek loans from global Islamic banks to meet its needs, while also seeking a financial bailout from the federal government.

The National Chairman of the Chamber of Indigenous Contractors, Adua Maitangaran, while speaking, said if loans could be use for good purposes, the government should not hesitate to collect loans.

He said the financial challenges facing Kano meant the state cannot pay workers’ salaries, talk less of undertaking any meaningful projects.

Mr. Maitangaran said if the federal government could borrow to finance its debt, then Kano State could do same.

Also speaking, the National President of Traders Union, Bature AbdulAziz, said the foreign loans could be used to revive the state’s rail project.

SOURCE: PREMIUM TIMES