The Zamfara State Government has disclosed that the sum of N14.26 billion naira was not borrowed but part of the proceeds from a N20 billion-naira loan floated by the previous administration.
The Debt Management Office in its latest sub-national debt – domestic and external – had said: “Plateau got N16.32billion naira; Rivers borrowed N7.07billion naira; Zamfara, N14.26billion naira; and the FCT under the leadership of Nyesom Wike borrowed N6.75billion naira from domestic creditors”.
But on Monday, the spokesperson of the Zamfara Governor, Sulaiman Bala Idris, revealed that no domestic or external loans have been borrowed since Governor Dauda Lawal took office.
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