Governor Bala Mohammed of Bauchi State revealed during the State Executive Council meeting on Wednesday that his administration has borrowed a total of N100 billion since assuming office in 2019.
Addressing the council, Governor Mohammed clarified that a significant portion of the borrowed funds, over N90 billion, has been allocated to infrastructural projects.
Highlighting the allocation strategy, the governor specified that the borrowed funds have been utilized in key sectors such as education and health. He emphasized the commitment to utilizing the resources transparently for the betterment of the state.
Governor Mohammed stated, “You can see the projects and programmes we are just starting. We have borrowed N100 billion, and today, the projects for the infrastructure are getting to N90 billion plus. Of course, we are going to save some for education and health.
We are saving the little money we are getting from the federal government so that we can leverage this loan to do infrastructure alone.”
He reassured the public, stating, “You should be aware of this. We are not thieves; we are not here to take anything out of the system. We want to take back every kobo.
“The governor affirmed his administration’s focus on making a positive impact on Bauchi State.
Governor Mohammed expressed determination to maintain transparency in governance and announced plans to sign performance bonds with commissioners to enhance effective service delivery.
He urged commissioners to prioritize their responsibilities and emphasized that distractions would not hinder the administration’s commitment to making a difference in the state.
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