How El-Rufa’i left $587m, N85bn debts for us – Kaduna gov

Kaduna State Governor Uba Sani has stated that his administration inherited a massive debt burden of $587 million, N85 billion, and 115 contractual liabilities from the previous administration of Nasir El-Rufai.

Sani remarked that due to the surge in the currency rate, the state is now repaying nearly three times what the previous administration borrowed.

The governor, who made the announcement during a town hall meeting in Kaduna on Saturday, claimed the state’s federal allocation was being eroded by its massive debt burden.

He clarified that N7 billion of the N10 billion federal budget for the state in March was removed to service the state’s debt.

The governor further lamented that the state was left with N3bn, an amount he said was not enough to pay salaries, as the state’s monthly salary bill stands at N5.2 billion.

Sani said despite the debt inherited, his administration had not borrowed “a single kobo” in the last nine months of his government.

“Despite the huge debt burden of $587 million, N85 billion, 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 gladdens my heart to inform you that despite the huge inherited debt on the state, till date, we have not borrowed a single kobo,” he said.

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 prioritize inclusive development by investing in human capital, stimulating the economy, and providing affordable housing.

 

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