Katsina govt counters DMO’s claim on borrowing

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The Katsina State Government has refuted the claim by the Debt Management Office (DMO) that the Governor Dikko Umaru Radda-led administration has ballooned the state’s debt profile.

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

However, Ibrahim Kaula Mohammed, the governor’s spokesman, in a statement on Wednesday, 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.

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The statement maintained that not a single new loan has been collected by the present government in Katsina State.

“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,” it added.





Source link: Daily Trust/

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