According to the Commissioner for Information in the state, Isah Galadanchi, the decision to secure the loan was reached following an executive council meeting.
The Sokoto State Government has announced its intentions to seek a N65.7bn loan to finance different projects in the state including purchasing cars and paying for Hajj – Muslim pilgrimage.
The loan, which would be serviced in 36 months and would not be a liability to be inherited by successive governments, would be used to also facilitate education and health projects, the government said. Also, N4bn would be accessed from the Central Bank of Nigeria agricultural loan facility as a counterpart funding.
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