By Emeka Mamah
Kaduna—The Kaduna State government has said that the state was not among those that benefited from the debt relief during the President Olusegun Obasanjo’s era adding that it inherited a debt of N37.5 billion when it came on board in 2013.
The state Commissioner for Finance, Sama’ila Aliyu, who spoke in Kaduna yesterday, said the huge debt arose from loans taken by past administrations since inception of the state in 1965.
He said, the debt relief which the country enjoyed in 2006 was loan collected from Paris and London clubs, which the state had never borrowed from.
Aliyu spoke during his post-budget briefing, adding that the state was working assiduously to off- set the debt.
“In 2006 there was reconciliation and sharing of debt obtained as far back as 1965 between the new Kaduna State and Katsina State. The actual balance outstanding against Kaduna State was USD84,995,475.13 (about N14. 45 billion).
“These loans do not form part of the debt relief from Paris and London Clubs. They were loans obtained from multilateral institutions such as the world Bank, International Development Bank, IDA, and the Africa Development Bank, AfDB.
“Over the years subsequent administration in the state continued to borrow from these financial institutions for various infrastructural development projects amounting to USD185,968,750.26,” he said.
Also, speaking on the highlight of the 2015 draft budget, Commissioner for Economic Planning, Madami Garba Madami, said recurrent expenditure for last year included N69,647,897,546, while supplementary estimates stood at N960 million just as there was a special virement of N5,632,997,404; approved revised estimates: N76,240,894,950, while actual expenditure stood at N62,521,223,880.34.