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

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Kaduna State Governor, Uba Sani, has said his administration inherited a huge 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 while addressing a town hall meeting, said the huge debt burden was eating deep into the state’s federal allocation, adding that, due to the rise in the exchange rate, the state is now paying back almost triple of what was borrowed by the previous administration. He explained that N7 billion out of the N10 billion federal allocation for the state in March was deducted to service the state’s debt.

The governor further said the key priority areas of his government include safety and security, housing, education, healthcare, and support for Micro, Small, and Medium Enterprises, MSMEs. He said his government would also prioritise inclusive development by investing in human capital, stimulating the economy, and providing affordable housing.

 

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