Kaduna inherited debt of previous governments – Yero

The Kaduna State government has said that the present administration inherited huge debts taken by past administrations since inception of the state in 1965.

It added that as at December 31, 2013, the debt stood at N37.5billion.

The State Commissioner of Finance, Sama’ila Aliyu, who disclosed this at a briefing held in Kaduna, added that the state was working tirelessly to offset the debts.

“In 2006 there was reconciliation and sharing of debt obtained as far back as 1965 between the new Kaduna State and Katsina State,” Mr. Aliyu explained. “The actual balance outstanding against Kaduna State was almost $85million.”

Mr. Aliyu mentioned that the loans do not form part of the debt relief from Paris and London Club which Nigeria enjoyed in 2006. The state loans are from multilateral institutions such as the World Bank, International Development Bank, IDA, and Africa Development Bank, AFDB.

“Over the years, subsequent administration in the state continued to borrow from these financial institution for various infrastructural development projects amounting to almost $186million,” he said.

Speaking on the highlight of the draft budget, the state Commissioner of Economic Planning, Garba Madami, said the recurrent expenditure approved estimate in 2014 was about N69.6billion; supplementary estimates N960million; special virement about N5.6billion; approved revised estimates about N76billion while the actual expenditure stood at about N62billion with the performance rate at 82 per cent.

On the 2015 budget profile, Mr. Madami said the projected recurrent expenditure was about N72.7billion while the projected capital expenditure was almost N131billion; totalling about N203.7billion.

He assured the people that government will ensure strict compliance to the budget profile for the benefit of the people of the state.


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  • amazing2012

    Generation of thieves 1965 to date !

  • Dankaduna

    Mr Commissioner, please check your facts, the assets and liabilities of old Kaduna State were shared between New Kaduna and Katsina States long before 2006. There couldn’t have been a reconciliation in 2006 because there was no need for that. It should also be noted that apart from the many new foreign loans taken from the time of Namadi, there were also many local loans taken during the period including the N8bn bond in 2011, Yakowa’s N30b taken from local banks in Dec 2011 and the present Governor’s N7b taken from three local banks last year. Ramalan Yero was part and percel of all these loans since 2007. So the Governor should stop claiming ignorance and admit his failure and those of his godfathers in managing the State resources.

  • Dankaduna

    The Government will also be doing a lot of good to itself and the people of Kaduna State if it can make public the loans taken since 1965 to date, in terms of amount taken, date taken, purpose and the terms of repayment. The people will also be interested in knowing how much this of such old loans loans were repaid by it and how much of the other loans taken recently were repaid.

  • pheliciti

    All PDP governors like you, and you were part of those govts. Plus it’s lack of leadership attributes that makes a governor blame his predecessors, as if he didn’t know those problems existed before mounting the saddle. Like governor, like president!