Taraba gov’t denies N1.2 trn debt
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 […]
The Taraba State Government has refuted claims that the state's debt has reached N1.2 trillion. Dr Sarah Adi Enoch, the State's Commissioner of Finance, clarified during a press conference in Jalingo that the official debt figures do not support this assertion. As of December 31, 2025, the state's domestic debt stood at N85.51 billion, a decrease of about N2.45 billion from the approximately N87.96 billion reported during Governor Agbu Kefas's administration.
Dr Enoch further explained that the Debt Management Office (DMO) initially reported the debt figure based on the state's status as of September 30, 2022, not December 31, 2025. The latest DMO data shows that the state's domestic debt stock remained approximately N85.51 billion by December 31, 2025. Regarding external debt, Dr Enoch stated that Taraba's external debt was roughly $46.47 million as of December 31, 2022, compared to $48.04 million as of December 31, 2025.
The movement in external debt was described as relatively modest, with the commissioner acknowledging the potential risks associated with foreign currency obligations. Dr Enoch assured that the Taraba State government would maintain fiscal sustainability and its repayment capacity when seeking external financing.
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