The governor of Kaduna State, Uba Sani, says his administration has repaid more than N90bn ($56m) of inherited debt without taking on fresh borrowing since assuming office.
Speaking on the state’s financial position, Sani said the government had focused on fiscal discipline while pursuing investments aimed at boosting economic growth and infrastructure development.
“In the last three years, we have been able to pay over N90bn of the debt we inherited, and since we came into government, we have not taken any new loans,” the governor said. “We have also generated $2.5bn in investment for our state.”
The remarks come amid growing scrutiny of debt levels among Nigerian states, many of which continue to grapple with rising repayment obligations and economic pressures following subsidy reforms and inflationary shocks.
Analysts say Kaduna’s claims of debt reduction without additional borrowing could strengthen the administration’s narrative of economic prudence, particularly as state governments face mounting demands for infrastructure, security and social spending.
