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El-Rufa’i Reveals Kaduna State’s Financial Liabilities At Inauguration Ceremony

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During the inauguration ceremony of the new Governor, Senator Uba Sani at the Murtala Square in Kaduna, former Governor Nasir Ahmad El-Rufa’i revealed the financial liabilities of Kaduna State as of the last financial year.

 

According to him, the state had N64.54 billion in domestic debt, N16.06 billion in other contingent liabilities, and a foreign debt amounting to US $577.32 million.

 

El-Rufa’i said “we have spent N818.9bn as capital expenditure between 2015 and 2022 in the prosecution of our first and second State Development Plans, attracting nearly US $5bn in foreign and domestic investments that created jobs, improved our tax receipts and laid a solid foundation for the future.”

 

In his remarks he said “I wish to express my gratitude to the people of Kaduna State for the support they have provided me as their governor over the last eight years. I thank them for twice electing me to this office, and for the prayers, advice and counsel they have offered us.

 

“At every step of the way during this journey of service, I have been able to count on the support and understanding of the people. In good times and in challenging moments, your support has buoyed us to serve you to the best of our ability. We have had to take difficult decisions, and most of our people have often understood that those steps were taken to uphold the common good. We are immensely grateful to the residents of our state.

 

“As we conclude our period of service, I am confident that we have made Kaduna State a better place than we met it. We have made Kaduna State proud as an investment destination, a place of innovation in governance reforms and a state of equal opportunity for all who call it home. Our Kaduna is a state where every resident is a citizen.

 

“We have made Kaduna State better prepared to address the challenges of today and tomorrow, and to harness the opportunities that are emerging. We have expanded access to education and health care. We have reformed our public school system to deliver free education for every child until they complete senior secondary school.

 

“We have placed primary health care at the heart of our health care delivery strategy. I am proud that we have guaranteed every child in Kaduna State the chance to climb the ladder of social mobility that a decent education and access to affordable health care offer. We have improved the chances of every child surviving infancy. We have reduced the chances that a woman would die from the perils of pregnancy.

 

“Our appointments have shown that we value women and youths. We believe that we have a duty to carry every segment of society along in governance. We initiated programmes to empower people, but we have rejected any attempt to create, foster or exploit dependence.  We provide for our pensioners; we were the first state to pay the new minimum wage and we wish that we can pay our public servants even better than that.

 

“Under our watch, we have digitised the land registry, and laid the foundations for an efficient and fair tax system. We have built a government machinery that asserts the imperative of supporting business. We are changing perceptions and reorienting minds about the proper role of government in promoting social and economic development.

 

“We have put the people first as we promised. We have created metropolitan authorities to manage our cities and we have built more markets to expand access to commercial opportunities.

 

“I thank the people for supporting the delivery of the urban renewal projects for the benefit of the entire state. Many of our people have borne the inconveniences of construction, including longer commuting times, the removal of some buildings, adjustment of fence lines and other attachments in the public interest.

 

“Several have been constructive in their attitude to matters of compensation and in reporting saboteurs. We remain grateful to them all.

 

“Our government worked hard to firmly confront the security challenges that emerged. The measures we took ensured that we did not record any statewide crisis over the last eight years. We expanded the security footprint in the state, ensuring that more military bases and police divisions were established.

 

“We harnessed soft measures, like creating the Peace Commission, and we created a dedicated Ministry of Internal Security. We foresaw that banditry could mutate into a terrible menace. We galvanised neighbouring states for collaborative action to address the problem right from 2015.

 

“In 2017, I requested the Federal Government to designate the emerging banditry as an insurgency and to unleash on them the full weight of the military. Sadly, this was not done until 2022 acting upon the declaration of the Federal High Court.

 

“It is a matter for regret that the Federal Government did not appreciate the gravity of the problem until banditry had wreaked so much havoc to the lives, liberty and the livelihoods of so many people. Although coordinated military action began later in 2022, the job remains incomplete.

 

“I therefore urge the incoming government to sustain the pressure on the bandits, insurgents and terrorists and make the military action comprehensive and simultaneous across the seven frontline states, six in the Northwest and Niger, that are most impacted.

 

“As we complete our tenure, we have not relented in removing as many security threats as we can in order to help clear the deck for the incoming government.

 

“We have taken action against groups and individuals that are engaged in acts that are inimical to peace and lawful order in the state. We are removing the properties of identified sponsors of terrorism and those of unlawful societies that have been proscribed in this state.

 

“We have insisted on the primacy of law and order, and on asserting the prerogatives of the State in guaranteeing life and liberty. On security, I can say that we did all that is within the powers of a subnational to do, and resisted pressure to negotiate with or pay off the criminals.

 

“We are leaving behind a net cash balance in our Treasury Single Account of about N5bn after deductions for the payment of salaries, pensions and dues to the Local Government Councils, and US $2.05m in our Domiciliary Account as of yesterday 28th May 2023.

 

“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.

 

“We governed under very difficult fiscal circumstances, surviving two recessions, collapses of crude oil prices, the Covid-19 pandemic and the impact of the Russia-Ukraine war. We therefore had to borrow extensively to spend our way out of recession and pursue our ambition to make Kaduna great again.

 

“As at the last financial year, Kaduna State has the following Domestic debt of N64.54bn,  Other Contingent Liabilities of N16.06b and Foreign debts US of $577.32m.

 

“We have spent N818.9bn as capital expenditure between 2015 and 2022 in the prosecution of our first and second State Development Plans, attracting nearly US $5bn in foreign and domestic investments that created jobs, improved our tax receipts and laid a solid foundation for the future.

 

“I pay tribute to the extraordinary work of our team in the Kaduna State Government. The Deputy Governor, the members of the State House of Assembly, our honourable Judges, Kadis, and magistrates, our commissioners, Permanent Secretaries, Local Government chairmen, special advisers, assistants and other government officials have displayed imagination and demonstrated commitment to help the Kaduna State Government to achieve set objectives, and I applaud them for living up to their oaths of office.

 

“Our traditional rulers and religious leaders have been exceptional partners in mobilising the populace to understand our policies and support our efforts. Our partners in civil society have been critical in enabling the government to appreciate the concerns of citizens without a voice.

 

“Yesterday, I completed the administrative handover to my worthy successor, Distinguished Senator Uba Sani, and his able Deputy, Dr. Hadiza Sabuwa Balarabe. I call on the people of Kaduna State to support him and his team as he leads the next government. With your votes, you have vested in him the future direction of the state. Let us all pray for him to succeed in the service of the state and its people beyond our hopes and imagination.

 

“Several members of our governing team broke down in tears at the valedictory session of the Executive Council, overwhelmed by the reality of saying goodbye.

 

“But goodbyes are not necessarily bad. In fact, goodbyes are part of the order of nature. Everything that has a beginning must have an end. One era ends and another begins. New leaders take charge and life continues. That is the cycle of life. Our duty is to keep hope alive and do our best, and leave the rest to Almighty God.

 

“On my way to this inauguration, I entered the office of the Governor to leave on his desk a fold with three messages – a print of Desiderata by Max Ehlichmann, published in 1927, and the letter of the Fourth Rightly-Guided Caliph, Sayyidina Ali ibn Abu Talib, to Malik Ashtar when appointed the Governor of Syria over 1,000 years ago.

 

“The third is a hand-written note from me with some thoughts as he settles down to continue the leadership journey.

 

“My brother and friend, I commiserate with you. You have a huge task ahead but I am confident you will be luckier in the next eight years than I have been in the last eight years. Remember, you cannot do this job alone. Your team, if competent and capable, will focus on delivering results and little else.

 

“If you are unlucky enough to choose people you like that have no capacity, they will resort to blaming every other person for failures than the real culprit, which is the team itself. Be careful to watch out for this.

 

“May the Almighty continue to protect the people of Kaduna State. May He bless our endeavours and shower on this land peace, progress and prosperity. Farewell, thank you and God bless.

 

Politics

Nigeria’s Debt Service Ratio Falls To 65% As Tinubu Tackles Economic Woes

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In an effort to reduce Nigeria’s debt burden and stabilize the economy, President Bola Tinubu announced on Monday that the country’s debt service-to-revenue ratio has fallen from 97 to 65 percent over the 17 months since he took office.

Speaking at the swearing-in ceremony for seven new ministers at the State House, Abuja, Tinubu emphasized the government’s progress in stabilizing the economy despite challenging conditions.

READ MORE: Ibadan Man On Why He Used 76 Women For Ritual, Ate Others

“For us, it was a challenge when the nation was servicing its debt with 97 percent of its revenue. It was nothing but the edge of the cliff,” Tinubu said.

“But today, I can report to you that we have brought that down to 65 percent, and we have never defaulted in meeting all obligations, both foreign and domestic.”

His remarks follow Afreximbank’s recent projection that Nigeria’s debt service-to-revenue ratio could reach 110.4 percent by 2024.

Afreximbank’s 2024 Nigeria Country Brief warned of a troubling upward trend in debt servicing, which could see the ratio surge from 33.8 percent in 2017 to a projected 110.4 percent next year.

However, with continued reforms, the report suggested the ratio might decline to 62.6 percent by 2025.

In the first nine months of 2023, debt servicing consumed 66.9 percent (₦5.79 trillion) of Nigeria’s total revenue, a slight improvement from 99.3 percent (₦4.23 trillion) during the same period in 2022.

Tinubu, while optimistic about economic recovery, acknowledged the ongoing struggles faced by Nigerians due to a sharp increase in the cost of living triggered by recent economic reforms.

“We have taken the bull by the horns,” the President asserted. “We have stopped the scavengers. We will fully put an end to the profiteers and smugglers of our resources across the country. We are not shirking our responsibility; we are confronting it head-on.”

He further expressed confidence that Nigeria was on a “good path” toward recovery, emphasizing that the government remains committed to re-engineering the economy.

He cited the introduction of a new minimum wage as one measure aimed at mitigating rising living costs.

Monday’s ceremony also saw the swearing-in of seven new ministers, part of a recent cabinet reshuffle.

In two batches, ministers including Idi Maiha (Livestock Development) and Dr Jumoke Oduwole (Industry, Trade, and Investment) took their oaths.

The reshuffle, which saw 10 ministers reassigned, five discharged, and seven new appointments confirmed by the Senate, reflects Tinubu’s stated commitment to reshaping his cabinet to meet Nigeria’s evolving challenges.

As the administration continues to implement reforms, President Tinubu emphasized a long-term vision for economic sustainability, not only for the current generation but also for future ones.

“Despite the challenges, we must undertake the job of re-engineering and retooling this country’s economic path,” he said.

 

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Edo Deputy Gov, Omobayo Ordered To Court Over Refusal To Vacate Office

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A Federal High Court in Abuja has mandated that Godwins Omobayo, the Deputy Governor of Edo State, appear in person on November 26, 2024, following allegations of contempt of court stemming from his failure to comply with a previous ruling.

Justice James Omotosho issued the order on Monday, asserting that Omobayo, described as the alleged contemnor, must be afforded a fair hearing in accordance with Section 36 of the 1999 Constitution (as amended).

READ MORE: Bobrisky Flees Nigeria Amid Legal Turmoil

The court action was initiated by Philip Shaibu, who was reinstated as Deputy Governor after the court invalidated his impeachment by the Edo State House of Assembly on July 17.

Justice Omotosho ruled that the impeachment proceedings lacked due process and that the grounds for Shaibu’s removal did not constitute gross misconduct.

Shaibu’s suit targets several parties, including the Inspector-General of Police and the Edo State House of Assembly, seeking enforcement of the court’s judgment and demanding that Omobayo vacate the deputy governorship position.

Omobayo assumed office on April 8, following Shaibu’s impeachment.

During the court proceedings, it was revealed that Omobayo was served legal documents but failed to appear.

In response, Shaibu’s attorney, Ayotunde Ogunleye, SAN, urged the court to compel Omobayo’s attendance, citing the need to uphold judicial authority.

In delivering his ruling, Justice Omotosho adjourned the case until November 26 for further proceedings.

He directed that hearing notices be served to the 1st, 2nd, 3rd, and 5th defendants involved in the charge.

“In the interest of justice and to provide the alleged contemnor with an opportunity to defend himself and receive a fair hearing, in accordance with Section 36 of the 1999 Constitution (as amended), I hereby order that the alleged contemnor appear in court in person on November 26, 2024,” the judge stated.

It is noteworthy that the current tenure of the state government is set to conclude on November 12.

 

 

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Presidency Fires Back At Atiku

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On the heels of the salvo fired by the presidential candidate of the Peoples Democratic Party (PDP) in Nigeria’s 2023 elections, Atiku Abubakar, signalling what might be a long-drawn hot exchange of words, the Presidency has made what it called ‘our initial response to Alhaji Atiku Abubakar’.

This was contained in a statement put out on micro-blogging site, X, Sunday by the Special Adviser to the President (Information and Strategy), Bayo Onanuga.

The former vice president had detailed the shortcomings of the President Bola Ahmed Tinubu administration, making efforts to detail what he would have done differently, that would have better results for Nigeria.

In a swift response, the Presidency countered that Atiku and his ideas “were rejected by Nigerians in the 2023 poll”, based on his antecedents.

The statement reads, “OUR INITIAL RESPONSE TO ALHAJI ATIKU ABUBAKAR

“We have just read a statement credited to former vice president Alhaji Atiku Abubakar, in which he tried to discredit  President Bola Tinubu’s economic reform programmes while pushing his untested agenda as a better alternative.

“First, Alhaji Atiku’s ideas, which lacked details,  were rejected by Nigerians in the 2023 poll.

“If he had won the election, we believe he would have plunged Nigeria into a worse situation or run a regime of cronyism.

“Abubakar lost the election partly because he vowed to sell the NNPC and other assets to his friends.  Nigerians have not forgotten this, nor would they be comforted by Atiku’s antecedents when he ran the economy in the first term of President Olusegun Obasanjo’s government between 1999 and 2003.

“As vice president, Atiku supervised a questionable privatisation programme. He and his boss demonstrated a lack of faith in our educational system, and both went to establish their universities while they allowed ours to flounder.

“Talk is cheap. It is easy to pontificate and deride a rival’s programmes even when there are irrefutable indices that the economic reforms yield positives despite the temporary difficulties.

“Despite the futile attempt to hoodwink Nigerians again in his statement, it is gratifying that the former Vice President could not repudiate the economic reforms pursued by the Tinubu administration because they are the right things to do.

“His advocacy for a gradualist approach only showed that he was not in tune with the enormity of problems inherited by President Tinubu.

“It is so easy to paint a flowery to-do list. It is expected of an election loser.

“President Tinubu met a country facing several grave challenges. Fuel subsidies were siphoning away enormous resources we could ill afford, and there was criminal arbitrage in the forex market.

“No leader worth his name will allow these two economic disorders to persist without moving to end them surgically.

“While advocating for gradual reforms may sound appealing, Tinubu took measures that should have been taken decades ago by Alhaji Abubakar and his boss when they had the opportunity.

“Alhaji Abubakar calls for empathy and a human face to reforms. We have no problem with this as it resonates well with our administration’s focus. President Tinubu has consistently emphasised the need for compassion and protection of the most vulnerable.

“The administration has prioritised social safety nets and targeted support for those affected by recent economic transitions.”

 

 

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