$350m Loan: I cautioned and opposed, attempts were made on my life - Shehu Sani


When I cautioned and opposed the $350million World bank LOAN for Kaduna state, i was vilified, attacked and persecuted for Eight years, and even attempts were even made on my life.

Kaduna borrowed $340 million when the value of the dollar was 400 naira.

Now they have to pay with a naira value of 1000 Naira and counting.

The so-called project financed by the loan cannot generate the revenue to pay the loan.

The day of reckoning is here; the state is strangulated, suffocated, stagnated and stranded in Debt that it cannot pay.

It’s the second most indebted state in the country after Lagos. 

Lagos has a strong industrial, Banking, Commercial and maritime base to generate enough IGR to service their debt. 

Most of the industries in Kaduna are dead.

The lords of Loans are nowhere to be found.

The people of the state are paying the price.

For now let’s enjoy the music and the soup.

Sen. Shehu sani.



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