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Kano debt profile ​”hits over N200 ​b​n”

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Kano debt profile ​”hits over N200 ​b​n”

NEWISSUES, Abuja

The outgoing Kano State governor, Rabiu Kwankwaso, is reportedly leaving ove​​r ​N​200 billion debt, an official of the state’s treasury department has said.
The official, who spoke on the condition of anonymity for fear of victimization, said the state is virtually broke as it has over ​N​200 billion ​​vouchers to pay to individuals and companies.
“We have a dicey situation at hand more especially against the dwindling income, and we seem helpless because all these mess would be transferred to the incoming administration,” the official said.
He said the state has a bill of over ​N​200 million as unpaid advert bill to media houses and added that there has been nothing done to suggest the money will be paid before the expiration of Mr. Kwankwaso’s tenure.
The treasury, the official said, is inundated with daily approval of money to be disbursed, and most of the bills affect the governor directly.
The bulk of the debt are liabilities that are abandoned projects scattered across the state, including 92 abandoned road projects in the municipal area​.
Top in the list of abandoned project are the two kilometre Sabon Gari flyover, Wuju Wuju Jakara road projects, Gadon Kaya under – pass road projects and five kilometre road construction in each of the 44 local government areas.​
Most of these projects that were awarded at several billion​s​ of ​n​aira by Mr. Kwankwaso’s administration have only reached 10 percent completion​.​
Penultimate week, the Kano State Indigenous contractors under the leadership of Auduwa Maitangaran, revealed that Mr. Kwankwaso’s administration owed them over ​N​60 billion.
Similarly, the Chairperson, North West zone of the Independent Petroleum Marketer Association of Nigeria, Lawan Danzaki, decried the numerous abandoned project by the outgoing administration of Kwankwaso.
Mr. Danzaki who addressed a press conference in Kano last week, said Mr. Kwankwaso has systematically left the state with bad debt that his successor will spend the next four years working to complete the abandoned projects he left behind.

-Premium Time

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