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Taraba Gov’t Denies N1.2 Trn Debt

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2 months ago

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The Taraba State Government has debunked reports suggesting that the state’s debt portfolio had risen to N1.2 trillion.

The State‘s Commissioner of Finance, Dr Sarah Adi Enoch, while reacting to the report during a press briefing in Jalingo, said the report does not reflect its officially recognised debt stock, which was contained in the latest available records of the Debt Management Office (DMO).

She revealed that the state domestic debt stood at N85.51 billion as of December 31, 2025, and not N1.2 trillion as claimed by reports sponsored by some mischief makers.

According to her, the current domestic debt figure of N85.51 billion represents a reduction of about N2.45 billion from the approximately N87.96 billion reported before the administration of Governor Agbu Kefas came into office.

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She explained that the DMO had clarified that the Taraba debt figure contained in its March 2023 publication was actually based on the state’s position as of September 30, 2022.

Dr Sarah stated further that the latest DMO data showed that the state’s domestic debt stock as of December 31, 2025, was approximately N85.51 billion.

“The official DMO figures do not support suggestions that Taraba State’s domestic debt profile rose to N1.2 trillion. That claim is not only false but a calculated attempt by mischievous groups to paint the Taraba government black,” she said.

Speaking further on the state’s external debt, the commissioner said that the DMO had placed Taraba’s external debt at approximately $46.47 million as of December 31, 2022, compared with $48.04 million as of December 31, 2025.

Dr Sarah, however, described the movement in the external debt position as relatively modest and acknowledged the exchange rate risks associated with foreign currency obligations.

She said the Taraba State government would continue to ensure that external financing remained within the limits of fiscal sustainability and its repayment capacity.
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