Governor Uba Sani during a town hall meeting says former Governor El-Rufai’s administration left behind huge debt burden of $587m, N85bn in debt in Kaduna State.
“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.
Gov Sani added that Kaduna State is paying triple the previous debt left by El-Rufai due to the rise in exchange rate.
– N7bn out of the N10bn federal allocation for Kaduna state in March was deducted to service the state’s debt.
– In March, Kaduna 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.
– Governor Sani said despite the debt inherited, his administration had not borrowed “a single
