The Kaduna State government has described as false and misleading a media report alleging that the state has borrowed the sum of ₦36 billion in the past six months.
Commissioner of Planning and budget, Mukhtar Ahmed, responding to the allegations, explained that the government did nit borrow but rather paying nearly three times the size of loans taken by the past administration due to the massive devaluation of the Naira.
The statement noted that the inherited debt burden from the previous administration consisted of long-term loans, including the World Bank programs which were all agreed upon during the previous administration.
The Kaduna State government, however, expressed disappointment with the online medium for failing to seek clarification before publishing the report, and therefore, accused the platform of spreading falsehoods attempting to distract ongoing investigations into financial mismanagement under the former administration.