Data from the Debt Management Office (DMO) reveals that 80.8% of Kaduna State’s domestic debt (N70.5 billion) and 58.8% of its external debt ($334.9 million) were incurred during Governor Nasir El-Rufai’s administration (2015-2023).

**Breakdown:**

* Domestic debt: Increased from N16.68 billion in 2014 to N87.2 billion in June 2023, with El-Rufai’s administration responsible for borrowing N70.5 billion.
* External debt: Rose from $226.3 million in 2014 to $569.3 million in June 2023, with El-Rufai’s administration borrowing $334.9 million.

**Conclusion:**

The claim that 45% of Kaduna State’s debt was borrowed before El-Rufai’s administration is inaccurate. The majority of the debt (80.8% domestic and 58.8% external) was incurred under El-Rufai’s leadership. CONTINUE READING