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Nairaland Forum / Nairaland / General / Politics / Kogi Governor Leaving Behind N44.46 Billion Domestic Debt (586 Views)
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Kogi Governor Leaving Behind N44.46 Billion Domestic Debt by princeohiku(m): 9:37pm On Jan 21, 2016 |
The Kogi State governor, Capt Idris Wada, on
Thursday, said his administration would be
leaving behind a N44.46 billion domestic debt in
the state. Apart from this, the governor said he
inherited N38.38 billion as debt when he
assumed office on January 27, 2012. Wada, who
said this while giving an overview of his
administration at the Government House, Lokoja,
the state capital, however, said over 42 per cent
of the debt totalling over N18 billion was
outstanding gratuities to retirees that had
accumulated since the creation of the state in
1991. According to him, N5.5 billion was
outstanding payment from the N8 billion drawn
from the infrastructure bond approved for the
state, adding that N2.9 billion was being owed
commercial bank. The governor also said the
debt profile included N7.7 billion being salary
owed workers of the state for the months of
October to December 2015, while the state also
had $35.7 million as long-term external debt. He,
however, said he had used the last four years to
lay a solid foundation for the socio-economic
development of the state with the belief that the
incoming government would build on it. Wada
explained that despite the paucity of funds
available to his government, he was able to put
in place programmes and projects that that
would contribute to the development of the
state. He also said government had in the last
four years laid foundation for the industrial
development of the state, while it encouraged no
fewer than 100 private investors to establish in the state.
Source; Nigerian Tribune. |
Re: Kogi Governor Leaving Behind N44.46 Billion Domestic Debt by Elosky20: 9:42pm On Jan 21, 2016 |
may the hammer of efcc smash ur head 3 Likes 1 Share |
Re: Kogi Governor Leaving Behind N44.46 Billion Domestic Debt by utenwuson: 10:00pm On Jan 21, 2016 |
We all thought Wada was mad, but he fooled us all, he is such a criminal. Jst half/quarter salaries, no single project to show for 4 four years. God punish Wada 1 Like |
Re: Kogi Governor Leaving Behind N44.46 Billion Domestic Debt by vedaxcool(m): 10:16pm On Jan 21, 2016 |
Re: Kogi Governor Leaving Behind N44.46 Billion Domestic Debt by Elosky20: 10:21pm On Jan 21, 2016 |
Op abeg just add sauce link 4 dis our matter lalasticlala |
Re: Kogi Governor Leaving Behind N44.46 Billion Domestic Debt by Elosky20: 10:21pm On Jan 21, 2016 |
Re: Kogi Governor Leaving Behind N44.46 Billion Domestic Debt by segun5A(m): 7:42am On Jan 22, 2016 |
Governor Wada!!! |
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