El-Rufai: I warned like a prophet – Shehu Sani on $350m Kaduna loan

Addressing journalists on Sunday, Sani said the state won't be in such a situation if El-Rufai's administration had heeded his warning. He said: 'The hour of reckoning has come for every citizen of the state,” Sani said, reacting to the current fiscal challenges in Kaduna. “I was insulted for saying no to that loan. The hour of reckoning is here to every person in Kaduna state.

“Today the state is strangulated because of that money which we couldn’t pay. “We borrowed $350 million when the naira was N400 to the dollar and we are going to pay when the naira is what it is today,' he added. Last week, governor Uba Sani has raised an alarm over the state's huge debt profile running into billions of dollars.

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