DEBT ALLEGATION: Opposition lied, Taraba not owing N1.2tn — Govt
78 billion and simply add it in full to the latest debt stock without establishing the amount actually drawn, amounts already repaid and the current outstanding balances.78 billion commercial bank facility approved by the State House of Assembly in 2023 through Zenith Bank, United Bank for Africa, UBA, Fidelity Bank and Keystone Bank, the commissioner stressed that approved facility limits should not be equated with outstanding liabilities.
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.
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