Advertisement
2023 GOVERNORSHIP AND
STATE HOUSE OF ASSEMBLY ELECTIONS
- days
- Hours
- Minutes
- Seconds
Advertisement
The Socio-Economic Rights and Accountability Project (SERAP) has given an ultimatum to the 36 state governors and the Minister of the Federal Capital Territory, Mr Nyesom Wike, to publicly disclose details of N5.9 trillion and $4.6 billion loans obtained by their respective states and the FCT.
The request, contained in a statement by SERAP’s deputy director Kolawole Oluwadare, included publishing copies of loan agreements and spending information, including project details and locations financed by the loans.
The call for transparency stems from concerns raised after Governor Uba Sani of Kaduna State revealed that the immediate past administration left substantial debt, making it difficult for the state to meet salary obligations.
SERAP emphasized that Nigerians have the right to know how public funds, including loans, are being utilized by state governments. The organization highlighted the importance of accountability, corruption prevention, and trust-building in democratic institutions through transparent financial management.
The statement noted that Nigeria’s Debt Management Office reported a total public domestic debt of N5.9 trillion and a public external debt of $4.6 billion for the country’s states and the FCT.
Advertisement
Disclaimer
Contents provided and/or opinions expressed here do not reflect the opinions of The Pacesetter Frontier Magazine or any employee thereof.
Support The Pacesetter Frontier Magazine
It takes a lot to get credible, true and reliable stories.
As a privately owned media outfit, we believe in setting the pace and leaving strides in time.
If you like what we do, you can donate a token to us here. Your support will ensure that the right news is put out there at all times, reaching an unlimited number of persons at no cost to them.
Related posts
Stay connected
Recent News
JUST-IN: 9th Holdings CEO, Chukwudi Nnaji, Buries Father May 4
Advertisement Chetanne Chinelo, Enugu The family of Nnaji Nwaga Nnaji of Amechi Uwani, in Enugu South Local Government Area of…
Lone Fatal Motor Accident Claims Lives of 16 Travelers on Enugu Road
Advertisement …CP Kanayo visits the scene and describes the accident as sad …commiserates and enjoins individuals with information to trace…