Kano State Grapples With Debts, Spends N60billion On Public Debt Charges In Three Months
5 months ago794 min
The payments were broken into N1.6 billion for “Domestic Interest/discount” and another N58 billion paid for “Domestic Principal.” A review of the budget performance documents of Kano State has shown that a sum of N60billion was spent by the state on public debt charges between April and June 2024. The N60billion was spent in the second quarter and this is despite the fact that only N4.6 billion was budgeted to be spent by the...