‘I inherited $587m, N85bn debts, 115 contract liabilities from El-Rufai’

Kaduna State Governor, Uba Sani, has said his administration inherited a huge debt burden of $587 million, N85 billion, and 115 contractual liabilities from former governor of the state, Nasir El-Rufai.

Governor Sani, who disclosed this in Kaduna on Saturday while addressing a town hall meeting, said the huge debt burden was eating deep into the state’s federal allocation, adding that, due to the rise in the exchange rate, the state is now paying back almost triple of what was borrowed by the previous administration. He explained that N7 billion out of the N10 billion federal allocation for the state in March was deducted to service the state’s debt.

The governor further said the key priority areas of his government include safety and security, housing, education, healthcare, and support for Micro, Small, and Medium Enterprises, MSMEs. He said his government would also prioritise inclusive development by investing in human capital, stimulating the economy, and providing affordable housing.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

DailyPostNGR /  🏆 11. in NG

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

I Inherited $587m, N85bn Debt From El-Rufai’s Govt — Gov SaniThe Latest News from Nigeria and Around the World
Read more »

El-Rufai’s son blast Gov Sani over $587m, N85bn debt claimBashir, son of the immediate governor of Kaduna State, Nasir El-Rufai, has accused Governor Uba Sani of neglecting his duties in the state. He claimed that Governor Sani was always hibernating in Abuja while surrounding himself with incompetent aides.
Read more »

Russia Arrests Concert Hall Gunmen As Death Toll Rises To 115The Latest News from Nigeria and Around the World
Read more »

Oil-Producing States 13% Derivative Fund Hits N85bn In February- NBSThe Latest News from Nigeria and Around the World
Read more »

Defection looms as El-Rufai, APC, PDP chieftains meet with SDP leaders [PHOTOS]A Trusted Nigerian Newspaper
Read more »

Bello el-Rufai tụ̀rụ̀ àsị́, Hadiza Balarabe ábụghị nwányị̀ ìzìzì á họpụ̀tàrà dị́kà òsòté gọ́vanọ̀Nigeria's independent online newspaper
Read more »