Kogi State Government has reduced its local debt profile by #59.15 billion naira to top the list of states to achieve this feat in the year 2020 according to statistics gathered and published by a reliable online Data Tech Company, Statisense.com.ng
The Commissioner for Finance Budget and Economic Planning, Mukadam Asiwaju Asiru Idris, confirmed the report, attributed it to sound financial management and prudent strategy of Gov. Yahaya Bello.
The research according to the online publisher was largely sourced from documents released by the Debt Management Office, which was further analyzed and made public.
The report showed Kogi State leading other states like Kastina, the FCT, Edo, Ekiti, Plateau, Kaduna, Imo and several other states which also reduced their respective local debt profile as documented by the Debt Management Office.
In another report, Kogi State was not enlisted amongst state with increased domestic debt in the year 2020 as states like Lagos, Benue, Taraba, Abia, Anambra and seventeen other states made the list of states with increased debt since December 2019.
It will be recalled that the state government was a recent beneficiary of a world Bank grant component of the World Bank-assisted States Fiscal Transparency, Accountability and Sustainability (SFTAS) alongside some other states.
The Kogi State Government has continued to pledge its commitment to continue to implement realistic financial policies that would guarantee prosperity for its people while it remained prudent and transparent in its financial activities and engagements.
The Finance Commissioner concluded that the State Government will in the new year Sustain the strategy, assured that the state is on the path of sustainable development and infrastructural growth.