—The outgoing administration of Governor Abdulfatah Ahmed of Kwara State has said contrary to insinuations, the state’s debt profile stands at N30,203,632,608.29 with a monthly repayment of N496,367,109.08.
Giving a breakdown of the current indebtedness, Banu explained: ”The N30.2 billion includes N15,325,541,483.03 as the balance of the Federal Government restructured loan; N4,002,948,667.07 as salary bailout, excess crude account loan outstanding of N9,324,613,607.52 and vehicle loan balance of N128,916,612.87.
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