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The Evolving Socio-Economic Transformation in Jigawa State...
The decision to chart a new course for social and economic rejuvenation in Jigawa was taken immediately after the assumption of office by the Badaru Abubakar administration following the startling revelations in the State’s affairs as documented by his transition committee. Some of the bleak indices uncovered by the Price Waterhouse Coopers assisted committee included almost N110 Billion in Financial liabilities and contractual obligations and a treasury opening balance of just over N16 Million as of May 29th. The fact that Oil prices were on a downward spiral meant that federation account receipts could not meet existing obligations and other expenditures which had ballooned in the preceding 6 years of unprecedented national prosperity, fueled by an era of profligacy and ostentation and the “spend it all” mantra that was the order of the day. Download the full document here