Kano Committed To Efficient Debt Management – Finance Commissioner
Kano state government says it is determined to minimize financial risks, promote investor confidence, and ensure that debt is contracted only for productive and developmental purposes.
The state Commissioner of Finance, Dr. Isma’ila Aliyu Danmaraya who made the commitment known during opening of a two-day workshop on development Kano State 2026–2027 Medium-Term Debt Management Strategy (MTDS), taking place at Dutse, Jigawa state, explained that “this is in line with Section 14(1) of the Law which requires House of Assembly approval for all borrowings, as well as Section 27, mandating an annual borrowing and recovery plan.
This is contained in a statement by Ameen K. Yassar, Director, Public Enlightenment Kano State Ministry of Finance on Monday.
“The Kano State Public Debt Management Law, 2021, provides the legal and institutional foundation for our debt management efforts. Specifically, Section 16(1) of the Law mandates the conduct and annual update of the Medium-Term Debt Management Strategy (MTDS), to be submitted through the Honourable Commissioner of Finance to the Executive Council for approval”, the Commissioner maintained”.
This, according to Dr. Danmaraya, is a statutory obligation which underscores the importance of aligning our borrowing decisions with transparency, accountability, and long-term sustainability.
Consequently, he said the MTDS is not merely a compliance exercise but an essential tool for guiding how the state borrows, the cost and risks of our debt portfolio, and the strategies for ensuring that all borrowings are consistent with fiscal sustainability.
Through the MTDS, the State seeks to minimize financial risks, promote investor confidence, and ensure that debt is contracted only for productive and developmental purposes, adding that this is in line with Section 14(1) of the Law which requires House of Assembly approval for all borrowings, as well as Section 27, mandating an annual borrowing and recovery plan.
The Commissioner revealed that his Ministry recently concluded the Medium-Term Expenditure Framework (MTEF) exercise, which provided the foundation for the government’s fiscal projections, pointing out that the MTDS aligns with that framework, and provides the financing strategy to support the 2026–2028 Fiscal Strategy Paper.
“Together, the MTEF and MTDS represent a coordinated fiscal and debt management architecture that will enable Kano State to deliver on its development priorities without compromising financial stability”, Dr. Danmaraya underscored.
