El-Rufai: ‘In Last Three Years, We Have Paid Over ₦90 Billion We Inherited’ – Gov. Uba Sani

Kaduna State Governor, Uba Sani, has disclosed that his administration has paid over ₦90 billion inherited from the administration of his predecessor, Nasir El-Rufai.

Papers News reports that Sani made this known during an interview on Channels Television’s Politics Today on Monday, stating that his administration has not taken any loan since he assumed office.

Governor Sani also noted that his administration has attracted $2.5 billion in investment to Kaduna State.

He said, “In the last three years, we have been able to pay over N90 billion of the debt we inherited, and since we came into government, we have not taken any new loans because we believe that we do not have any fiscal space to borrow money.

“As a government, when you come in, you have to inherit both assets and liabilities, so what we did was to look at the fact that we had to pay a lot of money.

“We went round at the beginning and met with the World Bank, while the current Minister of Health, Pate, who worked with the World Bank many years ago, came in to work with me on how to restructure the loan.

“Unfortunately, the World Bank rejected the restructuring of the loan because they believed all the money had been completely drawn before we came in, and in the first week after we assumed office in June 2023, we started repaying the loan.”