Kaduna State Plans N659 Billion Borrowing Between 2025–2028, Budgets N275 Billion for Debt Servicing While Spending More on Lawmakers’ Luxury Projects
A review of Kaduna State’s Medium-Term Fiscal Framework reveals plans to borrow a total of N659 billion between 2025 and 2028, alongside spending N275 billion on debt servicing within the same period. Despite heavy reliance on loans, the state budget prioritises lawmakers’ luxury items, including N3.8 billion for 36 Toyota Camry XLE vehicles and N1.5 billion for the construction of the Speaker and Deputy Speaker’s residences. This comes amid severe social challenges, with high rates of educational deprivation, poor access to clean water, and inadequate sanitation facilities across the state, raising concerns about misplaced spending priorities.
A review of Kaduna State’s Medium-Term Fiscal Framework reveals plans to borrow a total of N659 billion between 2025 and 2028, alongside spending N275 billion on debt servicing within the same period. Despite heavy reliance on loans, the state budget prioritises lawmakers’ luxury items, including N3.8 billion for 36 Toyota Camry XLE vehicles and N1.5 billion for the construction of the Speaker and Deputy Speaker’s residences. This comes amid severe social challenges, with high rates of educational deprivation, poor access to clean water, and inadequate sanitation facilities across the state, raising concerns about misplaced spending priorities.
Kaduna State Plans N659 Billion Borrowing Between 2025–2028, Budgets N275 Billion for Debt Servicing While Spending More on Lawmakers’ Luxury Projects
A review of Kaduna State’s Medium-Term Fiscal Framework reveals plans to borrow a total of N659 billion between 2025 and 2028, alongside spending N275 billion on debt servicing within the same period. Despite heavy reliance on loans, the state budget prioritises lawmakers’ luxury items, including N3.8 billion for 36 Toyota Camry XLE vehicles and N1.5 billion for the construction of the Speaker and Deputy Speaker’s residences. This comes amid severe social challenges, with high rates of educational deprivation, poor access to clean water, and inadequate sanitation facilities across the state, raising concerns about misplaced spending priorities.
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