Map showing Gombe<br />Photo: Worldatlas
The Transition Committee set up by the Gombe State Governor-elect, Alhaji Inuwa Yahaya of the All Progressives Congress (APC), says the state has a debt profile of N110 billion as at Dec. 2018.
The 31-member transition committee was inaugurated on April 3, to organise a smooth transition of government from the outgoing Peoples Democratic Party (PDP) government in the state.
Alhaji Mohammed Kabir, Chairman of the committee, made the disclosure when he presented the Transition Committee’s Report to the governor-elect in Gombe on Saturday.
Kabir said: “ There is a very huge interest bearing debts compared to the state government’s revenue profile.
“It is estimated based on available information that as at Dec. 2018, the total debt which included domestic, contractors as well as pension was about N110 billion.
“Our terms of reference include a review of finances of the state government with particular reference to the status of assets,…
