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From Desmond Mgboh, Kano
Kano State Government will soon launch a Sukuk bond, the Director-General of the State Debt Management Office, Hamisu Sadi Ali, has announced.
He made the announcement during the opening ceremony of a two-day workshop on Kano State 2026–2027 Medium-Term Debt Management Strategy (MTDS). He explained that the financing instrument would not only diversify funding sources in the state but also align itself with ethical investment principles. He assured that the government would channel resources into priority infrastructure projects that would be of benefit to the people.
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He further stated that Kano State’s debt remained well within the approved fiscal threshold and that the present administration would keep it that way.
“Our Medium-Term Debt Management Strategy, MTDS, is not just about borrowing; it is about managing risks, reinforcing fiscal policy, and creating a strong and sustainable foundation for development.
“It reflects our collective resolve to ensure that every borrowing decision is guided by prudence, responsibility, and the ultimate goal of improving the lives of our people,” Sadi Ali stated.
