Northwest Debt Profile Stands At N1.2 Trillion – AID Foundation

By; Imrana Abdullahi

A Non Governmental Organization; AID Foundation has disclosed that the debt profile of the northwest zone of the country stands at 1.2 trillion naira.

The Executive Director of the group, Emmanuel Bonet disclosed this during a press conference in Kaduna on Monday, where he further explained that the debt profile of the zone is a thing of concern when compared with the people’s expectation of related development.

” Owing to this fact, the group is launching a competition that is aimed at eliciting the views of residents of Kebbi, Sokoto, Zamfara, Katsina, Kano, Jigawa and Kaduna state on the diverse ways in which they think that their state governments can source funds that will be used for development.

” There is a total token sum of seven hundred thousand to be contested for and won by residents of northwest Nigeria. Each contestant will either record a video or audio of not more than two minutes or write an essay of not more than 200 words outlining their suggestions of what they think their various state governments should do to generate additional sources of revenue that can be used for the development of their states.

” We believe, that for us to move progressively as a nation, our governments should explore other sources of funding while improving in the area of inclusion, transparency, accountability, and public finance management,” Bonet explained.