Why Jigawa’s Debt Profile Is Low, by Governor | The Guardian Nigeria News

Jigawa State Governor Mohammed Abubakar attributed his state’s low debt profile to fiscal discipline, transparency and accountability in the use of public resources.

In a statement by his media aide Awwal Sankara yesterday, Jigawa was deemed the least indebted state in the country, according to statistics from the Debt Management Office (DMO).

The Governor, who was speaking during a media tour of the Federal Government’s Fiscal Transparency, Accountability and Sustainability (SFTAS) Program of the Federal Government, applauded the administration of President Muhammadu Buhari for the initiative .

He said SFTAS has further helped his state induct a fiscally transparent, accountable and sustainable governance structure.

According to him, fiscal prudence has become the hallmark of his administration, noting that his administration has moved to reduce the emphasis on borrowing while blocking leaks and increasing internally generated revenue.

Claiming he inherited a liability of N50 billion in contracts awarded by the previous administration but not executed, Abubakar revealed that contracts were renegotiated by his administration and contractors were mobilized to the site .

The contracts, he added, have been executed and the contractors fully paid. Further applauding the SFTAS program for helping Jigawa inculcate transparency, accountability and sustainability in the management of state resources, Abubakar said his candidacy helped give a timely stance of available funds.

The state is implementing the nine disbursement-linked indicators (DLIs), which are derived from the country’s 22-point Fiscal Sustainability Plan (FSP), the governor noted.

Earlier in his remarks, National Program Coordinator, SFTAS, Federal Ministry of Finance, Budget and National Planning, Stephen Okon, noted Jigawa as one of the top three states in implementing the program.

Okon, who was represented by the Deputy National Coordinator, SFTAS, Mr. Ali Mohammed, said that before the emergence of SFTAS, the Abubakar administration launched a number of programs which enshrine fiscal discipline.

He added that due to his steady progress, Jigawa was awarded the first and second performance-based grants of $750 million from the federal government to the states, which met the annual eligibility criteria and DLIs.

Welcoming the team to his office, Finance Commissioner Ibrahim Umar said Jigawa had performed creditably in the SFTAS program and received grants worth N13.5 billion in the 2018 assessments. and 2019, expecting to exceed previous estimates in coming years.

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