26/03/2025
Rejoinder in Support of Governor Agbu Kefas ₦350B Bond Proposal
In light of recent comments made by former Nigerian Envoy to Trinidad and Tobago, Alhaji Hassan Jika Ardo, concerning the proposed ₦350 billion bond approved by the Taraba State House of Assembly for Governor Agbu Kefas, it is essential to present a counter-narrative that acknowledges the strategic importance of such a move.
While Mr. Ardo has raised concerns about the potential mortgaging of Taraba State’s finances, one must consider the broader context in which this decision is made. The Governor's proposal is not merely a reckless expenditure; rather, it represents a proactive approach to addressing the infrastructural challenges and developmental needs of Taraba State.
The proposed bond is designed to fund critical projects outlined in the 2025 budget, targeting key sectors such as health, biotechnology, agriculture, waste management, energy, tourism, mining, and infrastructure development, particularly road construction. The need for substantial investment in these areas cannot be overstated. For instance, improved infrastructure is crucial for stimulating economic growth and attracting investment both of which are vital for the long-term sustainability of the state’s economy.
Moreover, it is important to highlight that borrowing, when executed with intentionality and clarity of purpose, is a standard instrument within governance. Many successful administrations have effectively utilized bonds to spur development and uplift their regions, demonstrating that a well-structured borrowing strategy can yield significant returns on investment. The structured disbursement of the funds in tranches of ₦20 billion over five to seven years also reflects a prudent approach to fiscal management, allowing for accountability and oversight at each stage of expenditure.
While Mr. Ardo emphasizes the lack of completed projects during Governor Kefas tenure, it is essential to acknowledge that the ongoing complexity of development projects may not yet be reflected in visible outcomes. The groundwork being laid and the plans being formulated now may pave the way for substantial future benefits that residents of Taraba will ultimately realize.
Furthermore, the current government is determined to learn from the challenges faced by its predecessors. We have seen commitments to transparency and efficiency, and it is unjust to compare Governor Kefas to former administrations without recognizing the changes in strategy and approach being employed today.
In conclusion, while vigilance is necessary in governance, we must also be open to the potential benefits of well-conceived plans for state development such as the ₦350 billion bond. Rather than alarmism, the focus should be on constructive dialogue and support for the Governor's initiatives that aim to uplift Taraba State. It is imperative for all stakeholders to rally together, not only to ensure the responsible management of funds but also to foster a climate of growth and opportunity in Taraba that will serve current and future generations.
Let us embrace a future marked by collaboration and optimism rather than negativity and division.
Suleiman Usman Nyaja
Special Assistant On Media.