Taraba Govt rejects N1.2tr debt claim, says figure misleading

The Taraba State Government has rejected claims that the authorities is presently burdened with astir N1.2 trillion successful debt, describing the fig arsenic inaccurate and misleading.

Making the clarification over the weekend in Jalingo, the Commissioner for Finance, Sarah Adi, said discussions astir the state’s finances indispensable separate betwixt existing indebtedness stock, approved recognition facilities, outstanding balances and financing arrangements that are yet to beryllium disbursed.

According to the latest information from the Debt Management Office (DMO), Taraba’s home indebtedness stood astatine N85.51 cardinal arsenic of December 31, 2025.

“The fig represented a simplification of astir N2.45 cardinal from the N87.96 cardinal home indebtedness recorded successful DMO information disposable earlier Governor Agbu Kefas assumed office,” Adi said.

She besides clarified that the DMO work released successful March 2023 reflected Taraba’s indebtedness presumption arsenic of September 30, 2022, alternatively than its indebtedness presumption astatine the clip the study was published.

On outer debt, the commissioner said the state’s obligations accrued from astir $46.4...