Former Kaduna Central Senator Shehu Sani has highlighted the escalating debt situation in Kaduna State, ringing alarms he previously sounded regarding the state’s financial management.
With the debt soaring to $587 million, N85 million, and additional contractual liabilities, Sani’s caution against the $350 million loan acquisition under the previous administration of Governor Nasiru El-Rufai gains renewed significance.
Speaking at a Ramadan fast-breaking event with religious leaders in Kaduna State, Sani reiterated the adverse impact of the fluctuating Naira-Dollar exchange rate, a factor intensifying the state’s financial challenges.
He expressed disappointment that his earlier warnings were disregarded, leading to the current debt burden faced by the state.
Governor Uba Sani’s acknowledgment of inheriting a substantial debt burden underscores the gravity of the financial predicament.
Sani urged both the government and the people of Kaduna State to brace themselves for significant sacrifices to navigate through the looming financial crisis.
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