Economy
Yobe Leads in Debt Reduction Among 32 States in 2025, Cites FAAC Windfall, Fiscal Discipline
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Yobe Leads in Debt Reduction Among 32 States in 2025, Cites FAAC Windfall, Fiscal Discipline
By Yusuf Ali
Yobe State has been recognized as one of Nigeria’s top-performing states in debt reduction for 2025, according to an official report by the Debt Management Office (DMO) and the National Bureau of Statistics (NBS).
This commendable milestone is attributed to the significant increase in revenue from the Federation Account Allocation Committee (FAAC) and the prudent financial management policies implemented under the leadership of Governor Mai Mala Buni.
The report highlighted that Yobe recorded one of the most substantial declines in both domestic and external debt among Nigeria’s 36 states. This achievement was largely due to a surge in federal allocations, which provided the liquidity necessary to pay down debts without compromising critical development projects.
The state’s commitment to strong fiscal governance was also instrumental. Governor Buni’s administration ensured that additional funds were strategically deployed, adhering to principles of transparency and accountability.
Commenting on this achievement, the Commissioner for Finance, Alh. Mohammed Abatcha Geidam, lauded the administration’s disciplined economic approach.
“This accomplishment underscores our deliberate efforts to strengthen Yobe’s financial stability. We have prioritized responsible debt management while ensuring that development projects in sectors like health, education, and infrastructure remain on track,” he stated.
Alh. Geidam further noted that the debt repayment was made possible through strict adherence to fiscal responsibility. “The FAAC windfall provided us with a unique opportunity to reset our fiscal trajectory. Instead of resorting to reckless spending, we chose to reduce our debt burden, securing a more sustainable economic future for the people of Yobe State,” he said.
This development reaffirms the Buni administration’s commitment to fostering economic growth and fiscal stability, setting a benchmark for other states across the nation.
