The National Chairman of the All Progressives Congress (APC) and former Governor of Kano State, Abdullahi Umar Ganduje, has disclosed that he inherited a staggering N8.9 billion debt upon assuming office. The revelation has sparked conversations about the financial state of governance in Kano and the broader implications for economic stability in the state.
Challenges of Managing Inherited Debt
Ganduje, who served as the Governor of Kano State from 2015 to 2023, revealed that the debt he inherited posed a major challenge to his administration. According to him, a significant portion of state resources had to be diverted toward debt servicing, which limited funds available for critical developmental projects.
He explained that revenue generation and fiscal discipline became his priorities in managing the economic situation, ensuring that essential projects were completed despite the financial constraints.
Breakdown of the Debt
Although Ganduje did not provide a full breakdown of the N8.9 billion debt, reports suggest that the financial obligations were tied to:
Unpaid salaries and pensions
Contractual agreements with construction firms
Infrastructure projects left unfinished
Loans obtained by the previous administration
Political and Public Reactions
The revelation has stirred mixed reactions across political and economic circles:
Supporters of Ganduje argue that his administration worked hard to stabilize Kano’s finances, despite the inherited debt.
Critics, including opposition parties, claim that Ganduje himself left behind additional financial burdens for his successor, raising concerns about government accountability.
A Pattern in Nigerian Governance?
Many Nigerian governors have often blamed their predecessors for leaving behind huge debts, which affect the implementation of new policies and projects. This has raised questions about financial transparency, proper debt management, and accountability in governance.
Experts suggest that to prevent recurring debt crises, state governments must:
Improve internally generated revenue (IGR)
Ensure accountability in public spending
Limit excessive borrowing without clear repayment plans
Final Thoughts
As Ganduje continues to play a key role in national politics as APC Chairman, his past tenure as Kano governor remains under scrutiny. The issue of inherited debts is a recurring challenge for Nigerian states, highlighting the need for better financial planning and governance reforms.
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Written By Fortune Davidson