The Minister of Budget and Economic Planning, Abubakar Bagudu, has said that the fiscal position of Northern states has significantly improved under President Bola Tinubu, following sweeping economic reforms that have reduced the region’s domestic debt by 42.06 per cent.
Bagudu’s remarks were contained in a statement issued by the ministry on Wednesday, following his presentation to the Sir Ahmadu Bello Memorial Foundation at a two-day interactive session on government-citizen engagement held in Kaduna.
According to the statement, the economic reforms introduced by the Tinubu administration, particularly the removal of fuel subsidy, have led to a sharp increase in federally allocated revenue and a corresponding decline in state debt