From Godwin Agia, in Jalingo
The APC National Youth Vanguard, Taraba State Chapter, has condemned the Taraba State Government’s decision to access a ₦350 billion bond from United Capital and Investment House.
In a press statement issued on March 27, 2025, the group expressed concern over the governor’s frequent borrowing, claiming that he has already borrowed over ₦400 billion from various commercial banks allegedly without any significant development to show for it.
The statement highlighted the alarming trend of escalating debt in the state, despite increased federal allocations and growth in Internally Generated Revenue (IGR) over the past two years.
“We strongly condemn the recklessness exhibited by the Taraba State House of Assembly in approving this bond without adequate checks and balances”, he said
The group criticized the Taraba State House of Assembly for approving the bond without a clear plan for its use or repayment. “It is imperative that our elected representatives prioritize the welfare of the people over political expediency,” Amb Rikwense Muri added.
The APC National Youth Vanguard urged Governor Agbu Kefas to exercise restraint and reconsider his approach to borrowing. “Our state deserves leadership that is accountable and committed to the sustainable development of our communities,” Muri emphasized.
The group called on stakeholders to join them in advocating for transparency, accountability, and responsible governance in Taraba State. They also urged the governor to prioritize the welfare of the people and ensure that the state’s finances are managed prudently.
The Taraba State Government had defended the bond, stating that it will fund key developmental projects in sectors like health, biotechnology, waste management, energy, tourism, mining, and infrastructure.
However, the APC National Youth Vanguard remains skeptical, citing the governor’s alleged poor track record on borrowing and development.
As the controversy surrounding the bond continues to unfold, the APC National Youth Vanguard has vowed to continue advocating for transparency, accountability, and responsible governance in Taraba State.
