El-Rufai breaks silence, sheds light on Kaduna’s Financial Transition from his adminstration (30th May 2023)
“I left a domestic debt of N80.60bn and a foreign debt of $577.32m debt for the new administration.
“Kaduna State has receivables for reimbursements of infrastructure and security spending from the Federal Government, amounting to about N41bn, that will be paid to the state in due course.
“This does not include the sums due to the state as share of the accumulated stamp duties receipts, estimated at over N100bn, that the incoming government will certainly receive before the end of this year.
“I am therefore optimistic that the incoming government will, in due course, be in a position to settle all inherited liabilities, complete ongoing projects and initiate new ones by the Grace of God,” El-Rufai said.
