Kaduna Govt denies borrowing N36bn in 6 months …C0NTINUE READING HERE >>>
The Kaduna State Government has debunked reports that it borrowed N36 billion in the past six months.
The government described the reports as false and misleading.
The state government clarified that it is actually paying nearly three times the size of loans taken by the past administration due to the massive devaluation of the Naira.
In an official rebuttal by the Commissioner of Planning and Budget, Mukhtar Ahmed, the Kaduna government noted that exchange rate fluctuations would definitely affect the ongoing repayment of the inherited loan burden.
“These loan commitments, including…
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