DistantNews
Support us

How Uba Sani’s Ingenuity and Prudence Pulled Kaduna from Fiscal Brink

From ThisDay · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Context piece
  • Kaduna State, Nigeria, was on the brink of fiscal collapse upon Governor Uba Sani's assumption of office in May 2023, burdened by significant domestic and foreign debts.
  • Governor Sani implemented fiscal discipline, institutional reform, and aggressive revenue mobilization instead of taking on new loans.
  • Kaduna has repaid over N90 billion in inherited debts without new borrowing and has been recognized as Nigeria's most transparent and accountable state for two consecutive years.

When Senator Uba Sani took the helm as Governor of Kaduna State on May 29, 2023, he inherited a dire financial situation. The state was teetering on the edge of fiscal ruin, saddled with an overwhelming amount of domestic and foreign debt, crippling insecurity, widespread distrust, and the looming threat of economic stagnation. Observers painted a grim picture of a state trapped between insolvency and instability, with debt servicing alone consuming a disproportionate amount of the state's revenue.

Facing monthly salary obligations that exceeded the state's monthly receipts after debt deductions, Governor Sani made a bold decision. Instead of succumbing to the pressure to take on more debt, he championed a path of fiscal discipline, institutional reform, prudent resource management, and vigorous revenue generation. This approach, a stark departure from the norm in a political culture often reliant on borrowing, has proven to be transformative.

We cannot even pay salaries without borrowing.

· Governor Uba SaniAdmitting the dire fiscal situation shortly after assuming office.

Remarkably, in just three years, Governor Sani's administration has managed to repay over N90 billion of the inherited debts without incurring any new loans. This feat has not only stabilized Kaduna's public finances but has also restored confidence in its financial management. The state's commitment to transparency and accountability has been recognized, with Kaduna being named Nigeria's most transparent and accountable state for two consecutive years by the Centre for Fiscal Transparency and Public Integrity. This administration has truly redefined governance in Kaduna, prioritizing participatory approaches and robust fiscal principles.

Our administration has prioritised transparency and accountability as pillars of sustainable development.

· Governor Uba SaniHighlighting the core principles of his administration's governance.
About this summary

Originally published by ThisDay in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.