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THE KADUNA DEBT HAS BEEN MAJOR TO THE GOVERNOR OF THE STATE, SEN. UBAH SANI. HE ALLEGED THAT HE HAD NOT BORROWED A KOBO FOR 9 MONTHS EVEN AS HE INHERITED $ 587 MILLION, #85BILLIONS AND 113 LIABILTIES CONTRACTS FROM THE LAST ADMINISTRATION OF ELRUFAI. READ THE FULL STORY BELOW AND SHARE.
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The governor of Kaduna state, Sen. Ubah Sani has said that he cant pay salary because of state indebtedness.
The governor, who disclosed at a town hall meeting in Kaduna, said his government also inherited 115 contract liabilities from the last administration in the state.
The meeting was attended by a former governor of the state, Ramalan Yero, a former Chief of Defence Staff, Gen. Martin-Luther Agwai (retd), members of the state executive council, the Speaker of the state’s House of Assembly, Yusuf Liman and other lawmakers.
Governor Sani lamented that due to the rise in the exchange rate, Kaduna State is now paying back almost triple of what was borrowed by the previous administration of Nasir El-Rufai.
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He explained that N7 billion out of the N10 billion Federal Allocation due for the state in the month of March was deducted to service the debt.
Sani said, “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.
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