The Taraba State Commissioner for Budget and Economic Planning, Sarah Adi, has dismissed claims that the state currently carries a debt burden of about ₦1.2tn, saying the figure does not reflect the state’s debt stock contained in the latest publicly available records of the Debt Management Office.Adi made the clarification during a fiscal briefing in Jalingo on Saturday evening, saying public discussions about the state’s finances must distinguish between existing debt, approved credit facilities, outstanding balances and financing arrangements that had not been drawn down.She said the latest DMO data showed that Taraba’s domestic debt stood at approximately ₦85.51bn as of December 31, 2025, compared with about ₦87.96bn reported in the data preceding the present administration.According to her, the DMO had clarified that the Taraba figure contained in its March 2023 publication represented the state’s debt position as of September 30, 2022.“The official DMO figures therefore do not support suggestions that Taraba State’s recognised domestic debt stock has risen to anything approaching ₦1.2tn,” the commissioner said.On the state’s external debt, Adi said the DMO reported Taraba’s obligation at approximately $46.47m as of December 31, 2022, rising to about $48.04m as of December 31, 2025.She, however, acknowledged the exchange-rate risks associated with foreign-currency obligations.“The State Government remains conscious of exchange-rate risks associated with foreign-currency obligations and will continue to ensure that external financing is considered within the limits of fiscal sustainability and repayment capacity,” she said.Addressing the ₦206.78bn commercial bank facilities approved by the Taraba State House of Assembly in 2023, the commissioner said the amount should not be interpreted as the state’s current outstanding liability.The facilities, according to her, involved Zenith Bank Plc, United Bank for Africa Plc, Fidelity Bank Plc and Keystone Bank and were structured against designated revenue streams.Adi explained that the original approved value of a facility was different from the amount eventually drawn or the balance outstanding after repayments and restructuring.“Approval or original facility value is not the same thing as the outstanding liability at a later date,” she added.Related NewsADC knocks FG as public debt hits N159.35tnNigeria’s public debt hit N159.35tn in March — DMOOsun account freeze: EFCC boss faces public fury, as Tinubu reverses orderShe also clarified reports concerning the proposed ₦350bn capital-market financing programme, saying Taraba had not received the amount.According to her, the programme is subject to regulatory, statutory, market and disclosure requirements, while the immediate transaction under consideration is an initial tranche of approximately ₦35bn.“It is therefore incorrect to treat the entire ₦350bn programme size as money already received by the State or as an existing drawn liability,” Adi said.The commissioner also spoke on the $268m financing agreements signed between the Taraba State Government and the ECOWAS Bank for Investment and Development on June 26, 2026.She said the financing was intended for the first phase of an integrated industrial park, irrigated rice production and processing, and a 50-megawatt solar power project.Adi stressed that signing financing agreements did not automatically translate into disbursement of funds.“The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. Adi made the clarification during a fiscal briefing in Jalingo on Saturday evening, saying public discussions about the state’s finances must distinguish between existing debt, approved credit facilities, outstanding balances and financing arrangements that had not been drawn down.She said the latest DMO data showed that Taraba’s domestic debt stood at approximately ₦85.51bn as of December 31, 2025, compared with about ₦87.96bn reported in the data preceding the present administration.According to her, the DMO had clarified that the Taraba figure contained in its March 2023 publication represented the state’s debt position as of September 30, 2022.“The official DMO figures therefore do not support suggestions that Taraba State’s recognised domestic debt stock has risen to anything approaching ₦1.2tn,” the commissioner said.On the state’s external debt, Adi said the DMO reported Taraba’s obligation at approximately $46.47m as of December 31, 2022, rising to about $48.04m as of December 31, 2025.She, however, acknowledged the exchange-rate risks associated with foreign-currency obligations.“The State Government remains conscious of exchange-rate risks associated with foreign-currency obligations and will continue to ensure that external financing is considered within the limits of fiscal sustainability and repayment capacity,” she said.Addressing the ₦206.78bn commercial bank facilities approved by the Taraba State House of Assembly in 2023, the commissioner said the amount should not be interpreted as the state’s current outstanding liability.The facilities, according to her, involved Zenith Bank Plc, United Bank for Africa Plc, Fidelity Bank Plc and Keystone Bank and were structured against designated revenue streams.Adi explained that the original approved value of a facility was different from the amount eventually drawn or the balance outstanding after repayments and restructuring.“Approval or original facility value is not the same thing as the outstanding liability at a later date,” she added.Related NewsADC knocks FG as public debt hits N159.35tnNigeria’s public debt hit N159.35tn in March — DMOOsun account freeze: EFCC boss faces public fury, as Tinubu reverses orderShe also clarified reports concerning the proposed ₦350bn capital-market financing programme, saying Taraba had not received the amount.According to her, the programme is subject to regulatory, statutory, market and disclosure requirements, while the immediate transaction under consideration is an initial tranche of approximately ₦35bn.“It is therefore incorrect to treat the entire ₦350bn programme size as money already received by the State or as an existing drawn liability,” Adi said.The commissioner also spoke on the $268m financing agreements signed between the Taraba State Government and the ECOWAS Bank for Investment and Development on June 26, 2026.She said the financing was intended for the first phase of an integrated industrial park, irrigated rice production and processing, and a 50-megawatt solar power project.Adi stressed that signing financing agreements did not automatically translate into disbursement of funds.“The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. She said the latest DMO data showed that Taraba’s domestic debt stood at approximately ₦85.51bn as of December 31, 2025, compared with about ₦87.96bn reported in the data preceding the present administration.According to her, the DMO had clarified that the Taraba figure contained in its March 2023 publication represented the state’s debt position as of September 30, 2022.“The official DMO figures therefore do not support suggestions that Taraba State’s recognised domestic debt stock has risen to anything approaching ₦1.2tn,” the commissioner said.On the state’s external debt, Adi said the DMO reported Taraba’s obligation at approximately $46.47m as of December 31, 2022, rising to about $48.04m as of December 31, 2025.She, however, acknowledged the exchange-rate risks associated with foreign-currency obligations.“The State Government remains conscious of exchange-rate risks associated with foreign-currency obligations and will continue to ensure that external financing is considered within the limits of fiscal sustainability and repayment capacity,” she said.Addressing the ₦206.78bn commercial bank facilities approved by the Taraba State House of Assembly in 2023, the commissioner said the amount should not be interpreted as the state’s current outstanding liability.The facilities, according to her, involved Zenith Bank Plc, United Bank for Africa Plc, Fidelity Bank Plc and Keystone Bank and were structured against designated revenue streams.Adi explained that the original approved value of a facility was different from the amount eventually drawn or the balance outstanding after repayments and restructuring.“Approval or original facility value is not the same thing as the outstanding liability at a later date,” she added.Related NewsADC knocks FG as public debt hits N159.35tnNigeria’s public debt hit N159.35tn in March — DMOOsun account freeze: EFCC boss faces public fury, as Tinubu reverses orderShe also clarified reports concerning the proposed ₦350bn capital-market financing programme, saying Taraba had not received the amount.According to her, the programme is subject to regulatory, statutory, market and disclosure requirements, while the immediate transaction under consideration is an initial tranche of approximately ₦35bn.“It is therefore incorrect to treat the entire ₦350bn programme size as money already received by the State or as an existing drawn liability,” Adi said.The commissioner also spoke on the $268m financing agreements signed between the Taraba State Government and the ECOWAS Bank for Investment and Development on June 26, 2026.She said the financing was intended for the first phase of an integrated industrial park, irrigated rice production and processing, and a 50-megawatt solar power project.Adi stressed that signing financing agreements did not automatically translate into disbursement of funds.“The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. According to her, the DMO had clarified that the Taraba figure contained in its March 2023 publication represented the state’s debt position as of September 30, 2022.“The official DMO figures therefore do not support suggestions that Taraba State’s recognised domestic debt stock has risen to anything approaching ₦1.2tn,” the commissioner said.On the state’s external debt, Adi said the DMO reported Taraba’s obligation at approximately $46.47m as of December 31, 2022, rising to about $48.04m as of December 31, 2025.She, however, acknowledged the exchange-rate risks associated with foreign-currency obligations.“The State Government remains conscious of exchange-rate risks associated with foreign-currency obligations and will continue to ensure that external financing is considered within the limits of fiscal sustainability and repayment capacity,” she said.Addressing the ₦206.78bn commercial bank facilities approved by the Taraba State House of Assembly in 2023, the commissioner said the amount should not be interpreted as the state’s current outstanding liability.The facilities, according to her, involved Zenith Bank Plc, United Bank for Africa Plc, Fidelity Bank Plc and Keystone Bank and were structured against designated revenue streams.Adi explained that the original approved value of a facility was different from the amount eventually drawn or the balance outstanding after repayments and restructuring.“Approval or original facility value is not the same thing as the outstanding liability at a later date,” she added.Related NewsADC knocks FG as public debt hits N159.35tnNigeria’s public debt hit N159.35tn in March — DMOOsun account freeze: EFCC boss faces public fury, as Tinubu reverses orderShe also clarified reports concerning the proposed ₦350bn capital-market financing programme, saying Taraba had not received the amount.According to her, the programme is subject to regulatory, statutory, market and disclosure requirements, while the immediate transaction under consideration is an initial tranche of approximately ₦35bn.“It is therefore incorrect to treat the entire ₦350bn programme size as money already received by the State or as an existing drawn liability,” Adi said.The commissioner also spoke on the $268m financing agreements signed between the Taraba State Government and the ECOWAS Bank for Investment and Development on June 26, 2026.She said the financing was intended for the first phase of an integrated industrial park, irrigated rice production and processing, and a 50-megawatt solar power project.Adi stressed that signing financing agreements did not automatically translate into disbursement of funds.“The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. “The official DMO figures therefore do not support suggestions that Taraba State’s recognised domestic debt stock has risen to anything approaching ₦1.2tn,” the commissioner said.On the state’s external debt, Adi said the DMO reported Taraba’s obligation at approximately $46.47m as of December 31, 2022, rising to about $48.04m as of December 31, 2025.She, however, acknowledged the exchange-rate risks associated with foreign-currency obligations.“The State Government remains conscious of exchange-rate risks associated with foreign-currency obligations and will continue to ensure that external financing is considered within the limits of fiscal sustainability and repayment capacity,” she said.Addressing the ₦206.78bn commercial bank facilities approved by the Taraba State House of Assembly in 2023, the commissioner said the amount should not be interpreted as the state’s current outstanding liability.The facilities, according to her, involved Zenith Bank Plc, United Bank for Africa Plc, Fidelity Bank Plc and Keystone Bank and were structured against designated revenue streams.Adi explained that the original approved value of a facility was different from the amount eventually drawn or the balance outstanding after repayments and restructuring.“Approval or original facility value is not the same thing as the outstanding liability at a later date,” she added.Related NewsADC knocks FG as public debt hits N159.35tnNigeria’s public debt hit N159.35tn in March — DMOOsun account freeze: EFCC boss faces public fury, as Tinubu reverses orderShe also clarified reports concerning the proposed ₦350bn capital-market financing programme, saying Taraba had not received the amount.According to her, the programme is subject to regulatory, statutory, market and disclosure requirements, while the immediate transaction under consideration is an initial tranche of approximately ₦35bn.“It is therefore incorrect to treat the entire ₦350bn programme size as money already received by the State or as an existing drawn liability,” Adi said.The commissioner also spoke on the $268m financing agreements signed between the Taraba State Government and the ECOWAS Bank for Investment and Development on June 26, 2026.She said the financing was intended for the first phase of an integrated industrial park, irrigated rice production and processing, and a 50-megawatt solar power project.Adi stressed that signing financing agreements did not automatically translate into disbursement of funds.“The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. On the state’s external debt, Adi said the DMO reported Taraba’s obligation at approximately $46.47m as of December 31, 2022, rising to about $48.04m as of December 31, 2025.She, however, acknowledged the exchange-rate risks associated with foreign-currency obligations.“The State Government remains conscious of exchange-rate risks associated with foreign-currency obligations and will continue to ensure that external financing is considered within the limits of fiscal sustainability and repayment capacity,” she said.Addressing the ₦206.78bn commercial bank facilities approved by the Taraba State House of Assembly in 2023, the commissioner said the amount should not be interpreted as the state’s current outstanding liability.The facilities, according to her, involved Zenith Bank Plc, United Bank for Africa Plc, Fidelity Bank Plc and Keystone Bank and were structured against designated revenue streams.Adi explained that the original approved value of a facility was different from the amount eventually drawn or the balance outstanding after repayments and restructuring.“Approval or original facility value is not the same thing as the outstanding liability at a later date,” she added.Related NewsADC knocks FG as public debt hits N159.35tnNigeria’s public debt hit N159.35tn in March — DMOOsun account freeze: EFCC boss faces public fury, as Tinubu reverses orderShe also clarified reports concerning the proposed ₦350bn capital-market financing programme, saying Taraba had not received the amount.According to her, the programme is subject to regulatory, statutory, market and disclosure requirements, while the immediate transaction under consideration is an initial tranche of approximately ₦35bn.“It is therefore incorrect to treat the entire ₦350bn programme size as money already received by the State or as an existing drawn liability,” Adi said.The commissioner also spoke on the $268m financing agreements signed between the Taraba State Government and the ECOWAS Bank for Investment and Development on June 26, 2026.She said the financing was intended for the first phase of an integrated industrial park, irrigated rice production and processing, and a 50-megawatt solar power project.Adi stressed that signing financing agreements did not automatically translate into disbursement of funds.“The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. She, however, acknowledged the exchange-rate risks associated with foreign-currency obligations.“The State Government remains conscious of exchange-rate risks associated with foreign-currency obligations and will continue to ensure that external financing is considered within the limits of fiscal sustainability and repayment capacity,” she said.Addressing the ₦206.78bn commercial bank facilities approved by the Taraba State House of Assembly in 2023, the commissioner said the amount should not be interpreted as the state’s current outstanding liability.The facilities, according to her, involved Zenith Bank Plc, United Bank for Africa Plc, Fidelity Bank Plc and Keystone Bank and were structured against designated revenue streams.Adi explained that the original approved value of a facility was different from the amount eventually drawn or the balance outstanding after repayments and restructuring.“Approval or original facility value is not the same thing as the outstanding liability at a later date,” she added.Related NewsADC knocks FG as public debt hits N159.35tnNigeria’s public debt hit N159.35tn in March — DMOOsun account freeze: EFCC boss faces public fury, as Tinubu reverses orderShe also clarified reports concerning the proposed ₦350bn capital-market financing programme, saying Taraba had not received the amount.According to her, the programme is subject to regulatory, statutory, market and disclosure requirements, while the immediate transaction under consideration is an initial tranche of approximately ₦35bn.“It is therefore incorrect to treat the entire ₦350bn programme size as money already received by the State or as an existing drawn liability,” Adi said.The commissioner also spoke on the $268m financing agreements signed between the Taraba State Government and the ECOWAS Bank for Investment and Development on June 26, 2026.She said the financing was intended for the first phase of an integrated industrial park, irrigated rice production and processing, and a 50-megawatt solar power project.Adi stressed that signing financing agreements did not automatically translate into disbursement of funds.“The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. “The State Government remains conscious of exchange-rate risks associated with foreign-currency obligations and will continue to ensure that external financing is considered within the limits of fiscal sustainability and repayment capacity,” she said.Addressing the ₦206.78bn commercial bank facilities approved by the Taraba State House of Assembly in 2023, the commissioner said the amount should not be interpreted as the state’s current outstanding liability.The facilities, according to her, involved Zenith Bank Plc, United Bank for Africa Plc, Fidelity Bank Plc and Keystone Bank and were structured against designated revenue streams.Adi explained that the original approved value of a facility was different from the amount eventually drawn or the balance outstanding after repayments and restructuring.“Approval or original facility value is not the same thing as the outstanding liability at a later date,” she added.Related NewsADC knocks FG as public debt hits N159.35tnNigeria’s public debt hit N159.35tn in March — DMOOsun account freeze: EFCC boss faces public fury, as Tinubu reverses orderShe also clarified reports concerning the proposed ₦350bn capital-market financing programme, saying Taraba had not received the amount.According to her, the programme is subject to regulatory, statutory, market and disclosure requirements, while the immediate transaction under consideration is an initial tranche of approximately ₦35bn.“It is therefore incorrect to treat the entire ₦350bn programme size as money already received by the State or as an existing drawn liability,” Adi said.The commissioner also spoke on the $268m financing agreements signed between the Taraba State Government and the ECOWAS Bank for Investment and Development on June 26, 2026.She said the financing was intended for the first phase of an integrated industrial park, irrigated rice production and processing, and a 50-megawatt solar power project.Adi stressed that signing financing agreements did not automatically translate into disbursement of funds.“The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. Addressing the ₦206.78bn commercial bank facilities approved by the Taraba State House of Assembly in 2023, the commissioner said the amount should not be interpreted as the state’s current outstanding liability.The facilities, according to her, involved Zenith Bank Plc, United Bank for Africa Plc, Fidelity Bank Plc and Keystone Bank and were structured against designated revenue streams.Adi explained that the original approved value of a facility was different from the amount eventually drawn or the balance outstanding after repayments and restructuring.“Approval or original facility value is not the same thing as the outstanding liability at a later date,” she added.Related NewsADC knocks FG as public debt hits N159.35tnNigeria’s public debt hit N159.35tn in March — DMOOsun account freeze: EFCC boss faces public fury, as Tinubu reverses orderShe also clarified reports concerning the proposed ₦350bn capital-market financing programme, saying Taraba had not received the amount.According to her, the programme is subject to regulatory, statutory, market and disclosure requirements, while the immediate transaction under consideration is an initial tranche of approximately ₦35bn.“It is therefore incorrect to treat the entire ₦350bn programme size as money already received by the State or as an existing drawn liability,” Adi said.The commissioner also spoke on the $268m financing agreements signed between the Taraba State Government and the ECOWAS Bank for Investment and Development on June 26, 2026.She said the financing was intended for the first phase of an integrated industrial park, irrigated rice production and processing, and a 50-megawatt solar power project.Adi stressed that signing financing agreements did not automatically translate into disbursement of funds.“The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. The facilities, according to her, involved Zenith Bank Plc, United Bank for Africa Plc, Fidelity Bank Plc and Keystone Bank and were structured against designated revenue streams.Adi explained that the original approved value of a facility was different from the amount eventually drawn or the balance outstanding after repayments and restructuring.“Approval or original facility value is not the same thing as the outstanding liability at a later date,” she added.Related NewsADC knocks FG as public debt hits N159.35tnNigeria’s public debt hit N159.35tn in March — DMOOsun account freeze: EFCC boss faces public fury, as Tinubu reverses orderShe also clarified reports concerning the proposed ₦350bn capital-market financing programme, saying Taraba had not received the amount.According to her, the programme is subject to regulatory, statutory, market and disclosure requirements, while the immediate transaction under consideration is an initial tranche of approximately ₦35bn.“It is therefore incorrect to treat the entire ₦350bn programme size as money already received by the State or as an existing drawn liability,” Adi said.The commissioner also spoke on the $268m financing agreements signed between the Taraba State Government and the ECOWAS Bank for Investment and Development on June 26, 2026.She said the financing was intended for the first phase of an integrated industrial park, irrigated rice production and processing, and a 50-megawatt solar power project.Adi stressed that signing financing agreements did not automatically translate into disbursement of funds.“The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. Adi explained that the original approved value of a facility was different from the amount eventually drawn or the balance outstanding after repayments and restructuring.“Approval or original facility value is not the same thing as the outstanding liability at a later date,” she added.Related NewsADC knocks FG as public debt hits N159.35tnNigeria’s public debt hit N159.35tn in March — DMOOsun account freeze: EFCC boss faces public fury, as Tinubu reverses orderShe also clarified reports concerning the proposed ₦350bn capital-market financing programme, saying Taraba had not received the amount.According to her, the programme is subject to regulatory, statutory, market and disclosure requirements, while the immediate transaction under consideration is an initial tranche of approximately ₦35bn.“It is therefore incorrect to treat the entire ₦350bn programme size as money already received by the State or as an existing drawn liability,” Adi said.The commissioner also spoke on the $268m financing agreements signed between the Taraba State Government and the ECOWAS Bank for Investment and Development on June 26, 2026.She said the financing was intended for the first phase of an integrated industrial park, irrigated rice production and processing, and a 50-megawatt solar power project.Adi stressed that signing financing agreements did not automatically translate into disbursement of funds.“The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. “Approval or original facility value is not the same thing as the outstanding liability at a later date,” she added.Related NewsADC knocks FG as public debt hits N159.35tnNigeria’s public debt hit N159.35tn in March — DMOOsun account freeze: EFCC boss faces public fury, as Tinubu reverses orderShe also clarified reports concerning the proposed ₦350bn capital-market financing programme, saying Taraba had not received the amount.According to her, the programme is subject to regulatory, statutory, market and disclosure requirements, while the immediate transaction under consideration is an initial tranche of approximately ₦35bn.“It is therefore incorrect to treat the entire ₦350bn programme size as money already received by the State or as an existing drawn liability,” Adi said.The commissioner also spoke on the $268m financing agreements signed between the Taraba State Government and the ECOWAS Bank for Investment and Development on June 26, 2026.She said the financing was intended for the first phase of an integrated industrial park, irrigated rice production and processing, and a 50-megawatt solar power project.Adi stressed that signing financing agreements did not automatically translate into disbursement of funds.“The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. She also clarified reports concerning the proposed ₦350bn capital-market financing programme, saying Taraba had not received the amount.According to her, the programme is subject to regulatory, statutory, market and disclosure requirements, while the immediate transaction under consideration is an initial tranche of approximately ₦35bn.“It is therefore incorrect to treat the entire ₦350bn programme size as money already received by the State or as an existing drawn liability,” Adi said.The commissioner also spoke on the $268m financing agreements signed between the Taraba State Government and the ECOWAS Bank for Investment and Development on June 26, 2026.She said the financing was intended for the first phase of an integrated industrial park, irrigated rice production and processing, and a 50-megawatt solar power project.Adi stressed that signing financing agreements did not automatically translate into disbursement of funds.“The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. According to her, the programme is subject to regulatory, statutory, market and disclosure requirements, while the immediate transaction under consideration is an initial tranche of approximately ₦35bn.“It is therefore incorrect to treat the entire ₦350bn programme size as money already received by the State or as an existing drawn liability,” Adi said.The commissioner also spoke on the $268m financing agreements signed between the Taraba State Government and the ECOWAS Bank for Investment and Development on June 26, 2026.She said the financing was intended for the first phase of an integrated industrial park, irrigated rice production and processing, and a 50-megawatt solar power project.Adi stressed that signing financing agreements did not automatically translate into disbursement of funds.“The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. “It is therefore incorrect to treat the entire ₦350bn programme size as money already received by the State or as an existing drawn liability,” Adi said.The commissioner also spoke on the $268m financing agreements signed between the Taraba State Government and the ECOWAS Bank for Investment and Development on June 26, 2026.She said the financing was intended for the first phase of an integrated industrial park, irrigated rice production and processing, and a 50-megawatt solar power project.Adi stressed that signing financing agreements did not automatically translate into disbursement of funds.“The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. The commissioner also spoke on the $268m financing agreements signed between the Taraba State Government and the ECOWAS Bank for Investment and Development on June 26, 2026.She said the financing was intended for the first phase of an integrated industrial park, irrigated rice production and processing, and a 50-megawatt solar power project.Adi stressed that signing financing agreements did not automatically translate into disbursement of funds.“The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. She said the financing was intended for the first phase of an integrated industrial park, irrigated rice production and processing, and a 50-megawatt solar power project.Adi stressed that signing financing agreements did not automatically translate into disbursement of funds.“The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. Adi stressed that signing financing agreements did not automatically translate into disbursement of funds.“The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. “The signing of a financing agreement must, however, be distinguished from actual disbursement,” she said, adding that the facilities remained subject to applicable conditions precedent, regulatory processes and statutory approvals before drawdown.The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. The commissioner urged the public to distinguish between existing debt stock, approved facilities, outstanding balances and proposed or undisbursed financing.She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. She said combining the headline figures from all four categories and presenting the sum as the state’s current debt would give a misleading picture of Taraba’s fiscal position.According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. According to Adi, the administration of Governor Agbu Kefas is guided by the principles that borrowing must support measurable development, repayment capacity must inform financing decisions, and transparency and accountability must remain central to public borrowing.“The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. “The proper questions are not simply the headline amount of a proposed facility,” she said, listing the key questions as how much was approved, how much was actually drawn, how much had been repaid, what remained outstanding, what had not been disbursed and what projects were being financed.Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State. Adi assured that the state government remained committed to responsible financing, disciplined debt management, transparency and the prudent use of public resources for the development of Taraba State.