Sunday, April 14, 2024

‘I inherited $587m, N85bn debts, 115 contract liabilities from El-Rufai’ – Gov Sani


Kaduna State Governor, Uba Sani, has mentioned his administration inherited an enormous debt burden of $587 million, N85 billion, and 115 contractual liabilities from former governor of the state, Nasir El-Rufai.

Governor Sani, who disclosed this in Kaduna on Saturday whereas addressing a city corridor assembly, mentioned the large debt burden was consuming deep into the state’s federal allocation, including that, because of the rise within the change fee, the state is now paying again nearly triple of what was borrowed by the earlier administration.

He defined that N7 billion out of the N10 billion federal allocation for the state in March was deducted to service the state’s debt.

He additional lamented that the state was left with N3 billion, an quantity he mentioned was not sufficient to pay salaries, because the state’s month-to-month wage invoice stands at N5.2 billion.

Governor Sani mentioned regardless of the debt inherited, his administration had not borrowed “a single kobo” within the final 9 months of his authorities.

“Regardless of the large debt burden of $587 million, N85 billion, and 115 contractual liabilities sadly inherited from the earlier administration, we stay resolute in steering Kaduna State in direction of progress and sustainable improvement.

“We’ve carried out a radical evaluation of our scenario and are sharpening our focus accordingly. It gladdens my coronary heart to tell you that regardless of the large inherited debt on the state, until date, we’ve got not borrowed a single kobo,” he mentioned.

The governor additional mentioned the important thing precedence areas of his authorities embody security and safety, housing, training, healthcare, and help for Micro, Small, and Medium Enterprises, MSMEs.

He mentioned his authorities would additionally prioritise inclusive improvement by investing in human capital, stimulating the financial system, and offering reasonably priced housing.

Governor Sani highlighted a few of his administration’s prime priorities for 2024 to incorporate security and safety, infrastructural improvement, training improvement, housing and concrete improvement, social intervention, and funding drive, amongst others.

In his remarks, former Chief of Defence Employees, Common Martin Luther Agwai (retd), sought options to the safety challenges dealing with the state, noting that with out peace and safety, no significant improvement may very well be achieved.

He recommended Governor Sani for slicing the price of governance because of the big debt of the state, whereas urging all residents to eschew political, spiritual, or ethnic variations and help the state authorities in overcoming the debt problem.

Emir of Zazzau, Ahmad Nuhu Bamali, expressed optimism regardless of the challenges dealing with the state, including that the governor has the potential to show across the financial system of the state for efficient improvement.

He pledged the help of all conventional rulers within the state to make sure that this administration succeeds.

Read more

Local News