Home News World Bank won’t grant Loan to any State without Kaduna –El-Rufai

World Bank won’t grant Loan to any State without Kaduna –El-Rufai

“How do we handle not approving or not giving out a loan for which a state government is fully qualified and approve to others, which I wouldn’t say are less qualified? That is the moral issue facing the World Bank,”

304
0
the-world-bank

The Kaduna State governor has declared that the World Bank would not grant any other Nigerian State a loan if Kaduna state is not included. Governor Nasir El-Rufai made this declaration in response to the recent rejection by the Nigerian senate of his application for a three hundred and fifty million dollar ($350m) loan from the World Bank.

The Executive Governor made this statement at the 2018 law week of the Nigerian Bar Association, (NBA), Barnawa branch in the state capital, Kaduna. The governor was represented by the Deputy Governor of the state, Arch. Barnabas Bala Bantex. The Deputy Governor declared the law week open and used the opportunity to disclose that the governor was confused as to why the senate blocked the loan request even after all requirements were met.

While the senate approved the loan request for other states, Kaduna which is among the states that applied for loan from World Bank have had its own loan request rejected due to opposition from the three senators representing the state. This has led to the state officials who worked countless hours on the loan application to conclude that there was a political undertone to the rejection.

“World Bank is faced with a moral issue to grant the loan to other states without Kaduna,” which according to the, is most qualified for the loan. World Bank won’t grant loan to any state without Kaduna the World self-service has a moral burden to deal with”, the deputy governor aid about the entire situation,” he said.

“How do we handle not approving or not giving out a loan for which a state government is fully qualified and approve to others, which I wouldn’t say are less qualified? That is the moral issue facing the World Bank,” he concluded.

The Nasir El-Rufai-led administration in Kaduna State has embarked on several projects spanning across all aspects of the economy. The state government have reached out to several humanitarian bodies to help improve the standard of living in the state and it was to this effect that the $350m loan was requested in the first place.