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

The Taraba State Government has rejected claims that the state is currently burdened with about N1.2 trillion in debt, describing the figure as inaccurate and misleading.
Making the clarification over the weekend in Jalingo, the Commissioner for Finance, Sarah Adi, said discussions about the state’s finances must distinguish between existing debt stock, approved credit facilities, outstanding balances and financing arrangements that are yet to be disbursed.
According to the latest data from the Debt Management Office (DMO), Taraba’s domestic debt stood at N85.51 billion as of December 31, 2025.
“The figure represented a reduction of about N2.45 billion from the N87.96 billion domest...