The outgoing governor of Kaduna state, Ramalan Yero, has announced that his administration is leaving behind N8.6 billion in the state government treasury.
This is contrary to the rumor that the outgoing governor is leaving an empty treasury for the incoming governor.
The governor also disclosed that over N73 billion would be left as debt for the state contrary to over N100 billion debt speculated.
Handing over government notes to the state governor-elect, Nasir El-Rufai, at the Sir Kashim Ibrahim House, Mr. Yero said the debt comprises external and internal debt.
” The current debt position of the state as at 28 May, 2015 has been indicated in the compiled notes,” he said. “We are therefore handing over the total debt of stock of N73, 933,104,923:22, which comprises external and internal debt.
” External loans $234,416,052:16 equivalent to N46,062,745,245:51 at the exchange rate of N195.5 per dollar as at December, 2014.
“Internal loans Bond- N2.031,612,259:31, naira, contractors Arrears- N23,531,154,819:69, Gratuity Arears- N1,307,592,598:71 and CBN MSMEDF- N1,000,000,000, which gives total of N27,870,359, 677:71.”
He said the state government awarded so many projects in the state of which many have been completed and the contractors paid.
Mr. Yero said he has no doubt in mind that the handing over notes, which has comprehensive information would enable successful take-off of his successor.
In his remarks, the incoming governor, Mr. El-Rufai, said he was surprised the situation in the state was not as bad as he thought.
He said they will still go through the notes and hope the outgoing government would be ready to explain areas that need to be explained.
He thanked the outgoing governor for his support, saying with his prayers,the new government would succeed in moving the state forward.
He also commended both transition committees for a job well done.
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