Kaduna State Governor, Uba Sani, says his administration pays N6.7bn monthly from the state’s Federation Account Allocation Committee revenue to service loans inherited from the previous administration.
Sani disclosed this on Channels Television’s Politics Today on Thursday, saying the payments would continue until 2048.
The governor also said he had not borrowed since assuming office, stressing that his administration had been prudent in managing the state’s finances.
“I hate to say it, but I will say it today. If you go to Debt Management Office, we don’t talk, we only work. Even at that, you will never hear any of my staff talking. But we pay 6.7 billion every month from the loan we inherited. Since I became governor, I have not borrowed one kobo,” Sani said.
Asked whether he was complaining about the financial situation he inherited, the governor said he was not.
Sani added that the monthly debt repayment would continue for more than two decades.
