DEBT ALLEGATION: Opposition lied, Taraba not owing N1.2tn — Govt

By Femi Bolaji
JALINGO — The Taraba State Government has dismissed claims by opposition politicians that the state is burdened with N1.2 trillion in debt, describing the figure as misleading and inaccurate.
Addressing journalists in Jalingo at the weekend, the Commissioner for Finance, Dr Sarah Adi, said critics of the administration had failed to distinguish between existing debt stock, approved banking facilities, outstanding balances and undisbursed financing arrangements.
Providing a breakdown of official figures from the Debt Management Office, DMO, Adi said the state’s domestic debt stock, which stood at N87.96 billion before the inception of the Governor Agbu Kefas administra...