Kaduna Governor Uba Sani Reveals Debt Inheritance, Financial Challenges.
Governor Uba Sani of Kaduna State has disclosed the daunting financial situation inherited from his predecessor, Nasir El-Rufai, lamenting the burden of debts totaling $587 million and N85 billion as of May 29, 2023.
Addressing a Town Hall Meeting at the late Umaru Musa Yar’Adua Hall in Kaduna, Governor Sani expressed concern over the insufficient funds available to cover the state’s monthly salary obligations.
Despite grappling with the staggering debt burden, Governor Sani affirmed that his administration had refrained from borrowing money over the past nine months. However, he highlighted the challenges posed by servicing the existing debts, especially amidst fluctuating exchange rates, which result in substantial repayment amounts.
Out of the N10 billion received as Federal Allocation for the state in March, Governor Sani revealed that a significant portion, amounting to N7 billion, was allocated to debt servicing. This left the state with a meager N3 billion, which falls short of the N5.2 billion required for monthly salary payments.
Governor Sani reassured the citizens of Kaduna of his administration’s unwavering commitment to advancing the state’s prosperity and sustainable development. He outlined key priority areas, including safety and security, housing, education, healthcare, and support for Micro, Small, and Medium Enterprises (MSMEs).
Highlighting achievements in various sectors, Governor Sani emphasized progress in security measures through the recruitment of 7,000 additional personnel for the state Vigilance Service and procurement of operational vehicles and motorcycles. On education, efforts are underway to address skills deficits and reduce the number of out-of-school children through collaborations with international partners.
Despite the formidable challenges, Governor Sani underscored the collective efforts required to propel Kaduna State towards progress and transformation into a premier business hub. He emphasized the administration’s commitment to rebuilding trust, fostering peace, and promoting harmonious coexistence among residents.
In conclusion, Governor Uba Sani reiterated his administration’s dedication to inclusive development and the improvement of livelihoods for all residents of Kaduna State.
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