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World Bank granting loan to other States ignoring Kaduna is unjustified — El-Rufai

April 17, 2018

‎By Olayinka Ajayi

Governor of Kaduna state, Nasir el-Rufai says the World Bank granting loan to any state without Kaduna unjustifiable .

Governor of Kaduna state, Nasir el-Rufai

Governor of Kaduna state, Nasir el-Rufai

Speaking at the 2018 law week of the Nigerian Bar Association (NBA), Barnawa branch, Kaduna, el-Rufai wondered why the upper legislative chamber blocked his state when it “met all the conditions” for the loan.

“Kaduna is among the states which applied for loan from World Bank but while the senate approved the facility for others, it rejected the $350 million request of Kaduna based on opposition from the three senators representing the state.”

Represented by his deputy, Barnabas Bala Bantex, the governor alleged that the refusal of the senate to approve the loan request had a political undertone.

The governor said the World Bank is faced with a moral issue to grant the loan to other states without Kaduna, which according to him, is most qualified for the loan.

“World Bank won’t grant loan to any state without Kaduna… the World Wank has a moral burden to deal with. 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 said.

In his address, the governor said the role of the NBA is the struggle for the improvement of the socio-economic situation of the country.

He said insecurity and corruption were the main challenges facing Nigeria and called on the NBA to collaborate with the government to address the menace.

“Insecurity and corruption are the major set back to any nation. When there is corruption, it ruins the economy and retards development. Insecurity discourages foreign investors,” he said.

“For us to tackle these, there must be a synergy with stakeholders like the NBA and the judiciary.”

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