Despite inheriting huge debts, liabilities, I haven’t borrowed a kobo – Sani
Kaduna Governor Uba Sani has said his administration inherited a huge debt burden of $587 million, N85 billion and 115 Contractual Liabilities from the immediate past administration but he has not borrowed a kobo in the last nine months.
The Governor, who disclosed this in Kaduna on Saturday while addressing a Town Hall Meeting said, the huge debt burden is eating deep into the State’s Federal Allocation.
Sani lamented due to the rise in the exchange rate, Kaduna State is paying back almost triple of what was borrowed by the administration of Nasir El-Rufai.
He explained seven out of the N10billion Federal Allocation for Kaduna State in March was deducted to service the debt.
The Governor further lamented the State was left with N3billion, an amount which is not enough to pay salary standing at N5.2billion.
He however assured that, debt burden not withstanding, his administration remains resolute in steering Kaduna towards progress and sustainable development.
According to the Governor: “Despite the huge debt burden of 587 million Dollars, 85 billion Naira, and 115 Contractual Liabilities sadly inherited from the Previous administration, we remain resolute in steering Kaduna State towards progress and sustainable development. We have conducted a thorough assessment of our situation and are sharpening our focus accordingly.
“It gladdened my heart to inform you that, despite the huge inherited debt on the state, till date, we have not borrowed a single kobo.
“The Key priority areas of our government include Safety and Security, Housing, Education, Healthcare, and Support for Micro, Small, and Medium Enterprises (MSMEs). We are also prioritizing inclusive development by investing in human capital, stimulating the economy, and providing affordable housing.”
