Taraba State Nigeria Domestic Debt Corrected by Commissioner

• The Taraba State Commissioner for Finance, Budget and Economic Planning has clarified the state's domestic debt burden, dismissing claims that it stands at approximately ₦1.2tn.
• The latest publicly available records of the Debt Management Office (DMO) show that Taraba's domestic debt stood at approximately ₦85.51bn as of December 31, 2025.
• The commissioner emphasized the importance of distinguishing between existing debt, approved credit facilities, outstanding balances, and financing arrangements that have not been drawn down.

According to Adi, the latest publicly available records of the Debt Management Office (DMO) show that Taraba's domestic debt stood at approximately ₦85.51bn as of December 31, 2025.

The Taraba State Commissioner for Finance, Budget and Economic Planning, Dr. Sarah Enoch Adi, has clarified the state's domestic debt burden, dismissing claims that it stands at approximately ₦1.2tn. According to Adi, the latest publicly available records of the Debt Management Office (DMO) show that Taraba's domestic debt stood at approximately ₦85.51bn as of December 31, 2025. This figure is significantly lower than the previously claimed amount. The commissioner emphasized the importance of distinguishing between existing debt, approved credit facilities, outstanding balances, and financing arrangements that have not been drawn down. Adi made these clarifications during a fiscal briefing in Jalingo on Saturday evening.

The clarification by the Taraba State Commissioner for Finance, Budget and Economic Planning highlights the need for accurate financial reporting and compliance obligations for companies operating in Taraba State. The official Debt Management Office (DMO) figures are now clear, and lawyers advising clients on public finance matters should be aware of this development. The DMO data shows that Taraba's domestic debt stood at approximately ₦85.51bn as of December 31, 2025, compared to about ₦87.96bn reported in the previous administration. This clarification may impact financial reporting and compliance obligations for companies operating in Taraba State.

The correction by the Taraba State Commissioner for Finance, Budget and Economic Planning has significant implications for the state's finances and its external debt obligations. The commissioner acknowledged exchange-rate risks associated with foreign-currency obligations, emphasizing that the state will continue to ensure that external financing is considered within the limits of fiscal sustainability and repayment capacity. This clarification highlights the need for transparency and accuracy in financial reporting, particularly in the context of public finance matters.

Lawyers advising clients on public finance matters should be aware that the official Debt Management Office (DMO) figures are now clear: Taraba State's domestic debt stands at approximately ₦85.51bn as of December 31, 2025, not ₦1.2tn as previously claimed. This clarification may impact financial reporting and compliance obligations for companies operating in Taraba State.

Source: Original reporting via [Source]