Gov Uba Sani Laments Huge Debt Burden Left By El-Rufai

Governor Uba Sani of Kaduna State, says he inherited a huge debt burden of $587 million, N85 billion, and 115 contractual liabilities from the previous administration of Nasir El-Rufai, adding that his administration was paying back almost triple the debts due to the high  exchange rate.

Sani spoke in Kaduna weekend while addressing a town hall meeting, pointing out that the huge debt burden was eating deep into the state’s federal allocation.
According to the governor, the state was now paying back almost triple of what was borrowed by the previous administration.

He explained that N7bn out of the N10bn federal allocation for the state in March was deducted 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 stood at N5.2 billion.
Sani further said that despite the debt inherited from the El-Rufai government, his administration had not borrowed a dime in the last nine months of his administration. 
His words, “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 noted that the key priority areas of his government include security, housing, education, healthcare, and support for Micro, Small, and Medium Enterprises, MSMEs.
He further said his government would also prioritize inclusive development by investing in human capital, stimulating the economy, and providing affordable housing.
Governor Sani highlighted some of his administration’s top priorities for 2024 to include safety and security, infrastructural development, education development, housing and urban development, social intervention, and investment drive, among others.
In his remarks, the former Chief of Defence Staff, CDS, General Martin Luther Agwai, rtd, sought solutions to the security challenges facing the state, noting that without peace and security, no meaningful development could be achieved.
Agwai commended Governor Sani for cutting the cost of governance due to the huge debt of the state, while urging all residents to eschew political, religious, or ethnic differences and support the state government in overcoming the debt challenge.
Emir of Zazzau, Ambassador Ahmad Nuhu Bamali, expressed optimism despite the challenges facing the state, adding that the governor has the capability to 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 succeeds. (Source: Daily Trust).