Economy Finance News

Gombe Makes List of States with Reduced Domestic Debt in 2020

…Ranks Second in North East

Gombe State has emerged second on list of states in North East of Nigeria with declining debt burden. This is according to statistics gathered and published by a reliable online Data Tech Company, Statisense.com.ng.

The statistics showed Gombe State ranking 2nd in the Northeast geographical zone.

According to the report, Gombe State has reduced its inherted local debt profile by 6.4 billion naira in 2020.

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.

This latest report further attests to Governor Inuwa Yahaya’s prudent management of the state resources, reduction of cost of governance and avoiding wasteful spending in the last 19 months of his piloting the affairs of Gombe State.

The deployment of technology for revenue collection under Governor Inuwa Yahaya administration has also resulted into blockage of revenue leakages, elimination of sharp practices and eventual increase in the state’s Internally Generated Revenue.

This has ensured APC administration in Gombe to deliver dividends of democracy across 11 local government areas within the available resources.

It will also be recalled that the Institute of Chartered Accountants of Nigeria (ICAN) in its latest Accountability Index ranked Gombe State second in Northeast for transparency and accountability in governance.

It’s also note worthy that Governor Inuwa Yahaya administration has consistently maintained top five in monthly Progressive Governors Forum Performance report.

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