- Kano elders have raised an alarm over the state government's insistence to collect Chinese loans
- The elders said Governor Umar Ganduje wants to plunge Kano state into indebtedness which generations coming may not be able to bear
- Coming under the auspice of Kano Unity Forum, the elders have called on President Muhammadu Buhari to intervene
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Kano elders under the auspice of Kano Unity Forum (KUF) have written a petition against Governor Abdullahi Umar Ganduje over his insistence to take about N300 billion for a light-rail project.
In a petition signed by former presidential aspirant and chieftain of the All Progressives Congress (APC), Bashir Tofa, which was directed to President Muhammadu Buhari, the Kano elders raised an alarm that Ganduje is taking to a path that may plunge Kano into internal debts.
Legit.ng gathers that the petition was also addressed to the National Assembly, the office of debt management, and Federal Ministry of Finance.
The elders argued that the loan is unnecessary and Ganduje’s light rail project is rather shrouded secrecy.
They warned that generations coming may find it difficult to bear the brunt of Ganduje's missteps, adding that at the time Nigeria is faced with financial difficulties, more social projects should be the priority of the government.
The elders want President Buhari and concerned stakeholders in the Nigerian government to stop the current Kano government from plugging the state into multiple indebtedness.
Meanwhile, Legit.ng reported that as the conversation continued to be broadly lengthened down to the payment of $500 million Chinese loans, Shehu Sani said there is more to the defence being put up by transportation minister Rotimi Amaechi.
Amaechi, while speaking with journalists, had explained why there is nothing wrong with the federal government ceding Nigeria's sovereignty to China in the signing of a loan deal with the Asian country.
But in a swift reaction, Sani who is a former senator representing Kaduna Central raised an eyebrow against the logics of paying the loans for a period of twenty years.
The former lawmaker said by 2040 when Nigeria may have concluded the payment, many of the infrastructures built with the loans may have depreciated.
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