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El-Rufai Handsover $577.32m And N80.60b Debts To Uba Sani

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…Says He Left N5b In TSA And $2.05m In Domiciliary Account

FROM Lateef Taiwo

The immediate past governor of Kaduna State, Nasir El-rufai on Monday handed over a whooping foreign debts of 577.32m dollars for the newly sworn in governor of the State, Uba Sani.

El-rufai also left behind a total of N80.60b internal debts with the subheadings domestic debts and other contingent liabilities.

The former governor while reading his farewell speech on Monday shortly before Uba Sani was sworn in said the debts were as at the last financial year.

He however said he had a cash balance of N5b in Treasury Single Account (TSA) and 2.05m dollars in Domiciliary account of the State.

According to El-rufai, “As at the last financial year, Kaduna State has the following liabilities; Domestic debt of N64.54bn, Other Contingent Liabilities of N16.06bn and Foreign debts of US dollars $577.32m

“We have spent N818.9bn as capital expenditure between 2015 and 2022 in the prosecution of our first and second State Development Plans, attracting nearly US $5bn in foreign and domestic investments that created jobs, improved our tax receipts and laid a solid foundation for the future.

“We are leaving behind a net cash balance in our Treasury Single Account of about N5bn after deductions for the payment of salaries, pensions and dues to the Local Government Councils, and US $2.05m in our Domiciliary Account as of yesterday 28th May 2023.

“Kaduna State has receivables for reimbursements of infrastructure and security spending from the Federal Government amounting to about N41bn, that will be paid to the state in due course. This does not include the sums due to the State as share of the accumulated stamp duties receipts, estimated at over N100bn, that the incoming government will certainly receive before the end of this year. I am therefore optimistic that the incoming government will in due course be in a position to settle all inherited liabilities, complete ongoing projects and initiate new ones by the Grace of God.

“We governed under very difficult fiscal circumstances, surviving two recessions, collapses of crude oil prices, the Covid-19 pandemic and the impact of the Russia-Ukraine war. We therefore had to borrow extensively to spend our way out of recession and pursue our ambition to make Kaduna great again.

“I pay tribute to the extraordinary work of our team in the Kaduna State Government. The Deputy Governor, the members of the State House of Assembly, our honourable Judges, Kadis, and magistrates, our commissioners, Permanent Secretaries, Local Government chairmen, special advisers, assistants and other government officials have displayed imagination and demonstrated commitment to help the Kaduna State Government to achieve set objectives, and I applaud them for living up to their oaths of office.

“Our traditional rulers and religious leaders have been exceptional partners in mobilising the populace to understand our policies and support our efforts. Our partners in civil society have been critical in enabling the government to appreciate the concerns of citizens without a voice.

“Yesterday, I completed the administrative handover to my worthy successor, Distinguished Senator Uba Sani, and his able Deputy, Dr. Hadiza Sabuwa Balarabe. I call on the people of Kaduna State to support him and his team as he leads the next government. With your votes, you have vested in him the future direction of the state. Let us all pray for him to succeed in the service of the state and its people beyond our hopes and imagination.

“Everything that has a beginning must have an end. One era ends and another begins. New leaders take charge and life continues. That is the cycle of life. Our duty is to keep hope alive and do our best, and leave the rest to Almighty God”.

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Tinubu Assures Investors Nigeria Is Open for Business, Welcomes Coca-Cola’s $1bn Plan

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By Francis Wilfred 

President Bola Tinubu has assured local and international investors that Nigeria remains open for business, saying his administration is implementing reforms aimed at creating a more predictable, competitive and investment-friendly environment.

Speaking through the Secretary to the Government of the Federation (SGF), Senator George Akume, at the 75th anniversary celebration of the Nigerian Bottling Company (NBC) in Abuja on Monday, the President said the government is addressing key challenges facing businesses under the Renewed Hope Agenda.

“Our message to investors, both Nigerian and international, is clear: Nigeria is open for business,” Tinubu said,

He noted that reliable infrastructure, efficient logistics, access to foreign exchange, stable regulations and a supportive tax system are critical to attracting investment and expanding production.

According to Yomi Odunuga, the President said ongoing economic reforms are designed to build a more productive and competitive economy, reduce dependence on imports, strengthen local manufacturing and create jobs for Nigerians.

Tinubu welcomed the Coca-Cola System’s proposed $1 billion investment in Nigeria over five years, announced in 2024, describing it as a strong vote of confidence in the country’s economy. 

He said the administration is focused not only on the volume of investment attracted but also on its impact on employment, skills development, technology transfer and local sourcing.

“We are interested not only in the amount of capital that comes into Nigeria, but in what that capital does here,” he said.

The President also praised NBC’s continued expansion of production capacity, including new production lines in Oyo and Kano states, describing such investments as vital to strengthening Nigeria’s industrial base.

He reaffirmed the government’s commitment to improving policies, infrastructure and regulations to support businesses, while urging the private sector to complement government efforts through investment, innovation and job creation.

Tinubu further highlighted the importance of human capital development, commending NBC’s Supply Chain Academy for training over 1,400 young Nigerians and supporting women’s empowerment and community development initiatives.

He urged investors to take advantage of opportunities across Nigeria, expressing confidence that the country can build a stronger economy driven by local production, exports and globally competitive industries.

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Kano  Governorship: Accord Party Governorship Candidate Gashash Getting More Endorsement From Kano Electorates.

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By Jabiru Hassan.


The movement for Democratic Protection and good governance (MDSG) declared it's full support to the Accord Party Governorship Candidate Ambassador Dr. Mukhtar Gashash in the forthcoming general elections.

In a chat with our correspondent in kano, the national president of the movement, Alhaji Dauda Mohammed Ali,  stated that it is time for the people of kano state to bring new steward who is seriously planning to transform the state with highest regard.

He expressed his confidence that Ambassador Dr Mukhtar Gashash will do his best to ensure that kano state becomes more examplary at both sector without bias which is the task previous administrators failed to achieve.

Alhaji Dauda Mohammed Ali reiterated that " this time around, our movement is working day and night to make sure that Kano people mostly youths remained Committed to actualize real change in the state's politics, leadership and transformation under the Accord Party government".

He called on the people of kano state especially the eligible voters to vote Ambassador Dr Mukhtar Gashash due to his Transformation plans for the progress of kano state and it's citizens at both Urban and rural settlements.

Responding to a question about Accord party's strength in kano state, Dauda Mohammed Ali disclosed that in today's democracy, competent candidates should be tipped for an elective positions not the popularity of the political parties stressing that Ambassador Dr Mukhtar Gashash has been found to be the best option for kano state due to his track record on competency, transparency as a real democrat.
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Caught in the middle: Ortom’s silent dance between two camps.

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There are growing questions about where Mr. Samuel Ortom, a former Governor of Benue State and a prominent figure in the People’s Democratic Party (PDP), truly stands politically ahead of 2027.

Ortom was a key figure in the divisions within the PDP before the 2023 general elections and was widely associated with support for Mr. Peter Obi, who finished third in that contest. More recently, however, he has publicly expressed support for President Bola Ahmed Tinubu’s administration.

The latest discussion began after a visit by Mr. Peter Obi to Benue State. Reports indicate that a vehicle said to belong to Ortom was used to receive Obi at the Air Force Base airport in Makurdi. It is not clear who authorized the use of the vehicle, and Ortom has not commented publicly on the matter.

During the same visit, Obi was reportedly prevented from travelling to Yelewata, where he had intended to condole with families affected by violence. Obi’s team attributed the blockage to supporters of Governor Hyacinth Alia.

The Governor’s spokesman, Sir Tersoo Kula, denied any involvement by the Governor. He suggested the incident may have been staged to damage the Governor’s reputation, or that it could have resulted from disagreements within Obi’s own support base.

Ortom has not issued a statement clarifying his position on the 2027 elections or on the vehicle in question. Attempts to reach him were unsuccessful at the time of reporting.

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