Kaduna Governor Uba Sani Reveals N6.7bn Monthly Loan Payments
Kaduna State Governor Uba Sani announced that his administration is obligated to pay N6.7 billion monthly from the state’s Federation Account Allocation Committee revenue to service loans inherited from the previous administration. This repayment will continue until 2048.
During an interview on Channels Television’s Politics Today, Sani stated that he has not borrowed any funds since assuming office, emphasizing his administration's commitment to prudent financial management. He mentioned that the debt figures are verifiable through the Debt Management Office.
Sani expressed gratitude to President Bola Ahmed Tinubu for his support and reiterated that his statements are based on data and statistics. He highlighted the importance of careful investment of government funds as a key aspect of prudent financial management.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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