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We inherited $587m, N85b, debt burden from El-rufai’s Govt- Kaduna Gov. Sani

by Present Nigeria
March 31, 2024
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Kaduna Gov Signs 2024 Security Trust Fund bill into law
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Kaduna State Governor, Uba Sani said his administration inherited a huge debt burden of $587 million, N85 billion Naira, and 115 contractual liabilities from the immediate past administration of Malam Nasir El-rufai.

The governor disclosed on Saturday while speaking at a Town Hall Meeting noting that the huge debt burden is eating deep into the state’s Federal Allocation.

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According to him, with N7bn out of N10bn received as federal allocation used in serving the huge debt inherited what is left is not enough to pay salary for the state workforce.

He however asserted that despite the predicament he has not borrowed a single kobo in the last nine months of his government.

The governor lamented that, due to the rise in the exchange rate, Kaduna state is now paying back almost triple what was borrowed by the previous administration of Nasir Ahmed El-Rufai.

The Governor further lamented that, the state was left with N3 billion, an amount which is not enough to pay salary

This was as he said the state’s monthly salary bill stands at N5.2billion.

He however assured that, debt burden notwithstanding, his administration remains resolute in steering Kaduna State towards progress and sustainable development, as the government has conducted a thorough assessment of the situation and is sharpening its focus accordingly.

“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,” he said.

Governor Sani highlighted some of his administration’s top priorities for 2024, including; safety and security, infrastructural development, education development, house and urban development, social intervention and investment drive among others.

On security, the Governor said the state has made a lot of progress through revamping the Kaduna State Vigilance Service (KADVS) by recruiting 7,000 additional personnel for the service, while over 100 operational vehicles and 100 motorcycles have been procured for distribution to KADVS and the Federal security agencies working in the state.

In the area of education, Sani said aside from the establishment of several skills and vocational cities to address skills deficits in the state, his government in collaboration with Kuwait is working to reduce out-of-school children in Kaduna by 200,000., adding that the four-year program which will start in May or June 2024, is a 62 million dollar project that will build 102 new schools in Kaduna and renovate 170 existing ones within four year.

For infrastructure, the Governor also said that, despite the numerous challenges confronting the state, “our collective efforts are essential for Kaduna State’s progress. We aspire to make rural living enjoyable and transform Kaduna into a premier business hub. Our ultimate goal is to rebuild trust and foster peace and harmony,” he said.

Also speaking at the event, former Chief of Defence Staff, General Martin Luther Agwai (rtd) urged efforts to address the security challenges facing the state, noting that without peace and security, no meaningful development can be achieved.

He commended Governor Uba Sani for cutting the cost of governance due to the huge debt of the state, while all residents eschew political, religious, or ethnic differences and support the state government in overcoming the debt challenge.

In a remark, the Emir of Zazzau Ambassador Ahmad Nuhu Bamali expressed optimism despite the challenges facing the state, adding that the governor can turn around the economy of the state for effective development.

He pledged the support of all traditional rulers in the state to ensure that his administration succeeded

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
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