In November of the previous year, both the executive council and the House of Assembly approved a loan totalling 2 billion nairas, acquired from the United Bank for Africa (UBA). The borrowed funds were earmarked to secure all designated slots allocated to the board by the National Hajj Commission.
Further elaborating on the financial arrangements, Daudu revealed that a decision was made by the government to have the pilgrims bear the initial interest on the loan, a measure aimed at defraying costs and ensuring financial sustainability. To date, the board has successfully repaid 1.6 billion naira of the loan amount, with plans in place to settle the outstanding balance by the end of…