Governor Abdullahi Sule of Nasarawa State revealed significant progress in managing the state's finances, announcing yesterday that his administration has successfully cleared over N50 billion in loans inherited from previous governments. The announcement came during a gathering with key stakeholders of the All Progressives Congress (APC) in Lafia, where he discussed the state's economic strategies and unity within the party.
Governor Sule highlighted the fiscal benefits stemming from the controversial removal of fuel subsidies by President Ahmed Bola Tinubu. He credited the policy with increasing the financial allocations to states, which has notably doubled the revenue for Nasarawa. This increase in funds has enabled his administration not only to offset the substantial inherited debt but also to initiate development projects and accumulate savings for future needs.
"The decision to remove fuel subsidies has been challenging but ultimately fruitful, allowing us to significantly enhance our financial capabilities. The additional resources have provided us with an opportunity to address past liabilities and focus on transformative projects for Nasarawa," Governor Sule explained.
The governor took the opportunity to outline the achievements of his tenure, emphasizing the strategic utilization of increased state revenues to bolster infrastructure and economic development across Nasarawa. He also stressed the importance of maintaining internal unity within the APC, particularly in the aftermath of the disputes that occurred during the 2023 general elections.
Governor Sule called for reconciliation and collective effort among party members, underscoring the necessity of solidarity to continue the state's developmental trajectory and safeguard its achievements. "We have the resources, commitment, and vision required to elevate our state. It's crucial that we move forward together, united in our purpose and resolved to overcome any internal disagreements," he urged.
As Nasarawa State looks ahead, Governor Sule's administration remains focused on leveraging the improved fiscal landscape to deliver on promises of development and stability, ensuring that the benefits of today's financial prudence are felt by future generations.
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