Kaduna State's debt profile has taken a significant leap.
In just six months, the state borrowed N36 billion, surpassing the combined total of N29.
6 billion borrowed in 2022 and 2023.
Breaking it down, the state borrowed N3 billion in 2022 and N26.
6 billion in 2023.
What's more alarming is that the state's debt servicing already stands at N28 billion for the first half of 2024.
There have been concerns over loans obtained by states in Nigeria with commentators noting that this usually has a huge impact on developmental strides...
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