@aonanuga1956 AI OO...If you mean the debt position of Anambra State when Peter Obi handed over to Willie Obiano on 17 March 2014, the most reliable way to answer is to distinguish official public debt from other liabilities/contractual obligations.
@aonanuga1956 ₦28.165bn in certified cash balances;
approximately ₦10bn due to Anambra from the Federal Government for completed federal roads;
giving a reported gross cash/investment position of about ₦91.65bn, or ₦86.665bn after deducting ₦5bn in already-approved payments.
@aonanuga1956 so it is safer to quote the original DMO figures rather than one converted naira https://t.co/VK3d1yE4rC contemporary account based on the handover documents reported:
₦27bn in local investments;
US$156m in foreign-currency investments/bonds;
@aonanuga1956 here is an important exchange-rate issue. Some contemporary analyses converted the $30.324m at roughly ₦160/$, producing a total debt around ₦7.9bn. Other reports used the prevailing rate at different points and arrived at roughly ₦10.7bn.
@aonanuga1956 The ₦3.026bn domestic figure and US$30.324m external figure are repeatedly reported from DMO's subnational debt data.https://t.co/CZ3xTwQEO2
@aonanuga1956 Debt categoryAmountDomestic debt₦3.026 billionExternal debtUS$30.324 millionApprox. total in nairaabout ₦7.9–₦10.7 billion, depending on the exchange rate usedHandover date17 March 2014
@aonanuga1956 Anambra's official debt around Peter Obi's handover
The Debt Management Office (DMO) records show that, at the end of 2013—less than three months before Obi left office:
@aonanuga1956 AI OO...If you mean the debt position of Anambra State when Peter Obi handed over to Willie Obiano on 17 March 2014, the most reliable way to answer is to distinguish official public debt from other liabilities/contractual obligations.
@neeswaid@FinPlanKaluAja1 The Judiciary can and should budget for judges’ accommodation (official quarters, allowances, or housing support) as part of its capital or recurrent needs. This maintains dignity and independence. Many democracies treat judicial housing or allowances through judicial budgets.