After eight years of administration, former governor of Kaduna State, Nasir El-Rufai has openly acknowledged leaving a substantial debt of $577.32 million and N64.54 billion for his successor, Governor Uba Sani.
This admission was made during a televised program, shedding light on the financial challenges faced by new administrations in Nigeria when dealing with inherited debts.
The disclosure of El-Rufai’s debt highlights the issue of political leaders accumulating significant financial obligations and their implications on future governments.
Governor Sani now faces the daunting task of managing this debt burden as he assumes office and strives to govern effectively. It underscores the critical importance of responsible and prudent financial management in ensuring long-term economic stability for the state.
Although the specifics and allocation of these debts were not mentioned, which has raised important questions about the need for transparent government spending and the obligation of political leaders to handle public finances responsibly.
As Governor Sani strives to meet the needs and aspirations of the people of Kaduna State, he will likely have to address the inherited debt challenge.