Kaduna State Governor, Uba Sani, has expressed concern over the substantial debt burden inherited from his predecessor, highlighting the challenges it poses to the state’s financial stability. Addressing a Town Hall Meeting at the late Umaru Musa Yar’Adua Hall in Kaduna, Governor Sani disclosed the grim financial situation, citing insufficient funds to cover essential expenses such as salaries.
According to Governor Sani, his administration inherited a staggering debt totaling $587 million, N85 billion, and 115 contract liabilities from the previous administration. Despite grappling with this immense financial burden, Governor Sani emphasized that his government refrained from borrowing additional funds during the nine months of its tenure. However, he lamented that servicing the inherited debt was significantly draining the state’s Federal Allocation, exacerbating financial constraints.
The governor revealed that a considerable portion of the state’s Federal Allocation for March, amounting to N7 billion out of N10 billion, was allocated towards debt servicing alone. With only N3 billion remaining, Governor Sani acknowledged the stark reality that it falls short of the state’s monthly wage bill of N5.2 billion.
Governor Sani reassured the people of Kaduna State of his administration’s unwavering commitment to steering the state towards progress and sustainable development. Despite the formidable challenges, he outlined key priority areas including safety and security, housing, education, healthcare, and support for Micro, Small, and Medium Enterprises (MSMEs). Additionally, the government is focused on inclusive development by investing in human capital and stimulating the economy.
Addressing security concerns, Governor Sani highlighted progress in revamping the state Vigilance Service and procuring operational vehicles and motorcycles for security agencies. He also underscored efforts in education, infrastructure development, and collaboration with stakeholders to overcome challenges and foster peace and harmony.
Former Chief of Defence Staff, Gen. Martins Luther Agwai (retd.), echoed the importance of addressing security challenges for meaningful development. Similarly, the Emir of Zazzau, Ahmad Bamali, expressed optimism in Governor Sani’s capacity to navigate the state’s economic challenges and drive effective development initiatives.