By Hussaini Ibrahim Sulaiman
The 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, made the commitment during the opening of a two-day workshop on the development of Kano State’s 2026–2027 Medium-Term Debt Management Strategy (MTDS), taking place in Dutse, Jigawa State.
The development was contained in a statement issued to The Triumph on Saturday by Ameen K. Yassar, Director, Public Enlightenment, Kano State Ministry of Finance.
Dr. Danmaraya explained that the commitment 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 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.
According to him, this statutory obligation underscores the importance of aligning borrowing decisions with transparency, accountability, and long-term sustainability.
He stressed that the MTDS is not merely a compliance exercise but an essential tool for guiding how the state borrows, the cost and risks of the debt portfolio, and the strategies for ensuring that all borrowings are consistent with fiscal sustainability.
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.
He pointed 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.
