AMAC: Council Chairman vows to clear inherited debt profile

By Hudu Yakubu, Abuja.

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Alhaji Abdullahi Adamu Candido, Chairman, Abuja Municipal Area Council, AMAC, in the Nigerian Federal Capital Territory Administration, FCTA.

The Chairman, Abuja Municipal Area Council, AMAC, in the Nigerian Federal Capital Territory Administration, FCTA, Alhaji Abdullahi Adamu Candido, has promised to settle all the Council’s outstanding debt profile inherited from his predecessors over the years.

The Chairman made the commitment during a two-day Media retreat in Keffi, Nassarawa state, North Central Nigeria, organized for journalists covering activities of the council with the theme “the role of the media in the NEXT CHAPTER AGENDA”.

The Chairman revealed that on his assumption into office in the first four to five months in 2016 to date, he was able to pay off almost Seven Hundred and Fifty Million Naira (750million) liabilities left by his predecessors.

Candido who stated that on his assumption into office in his first tenure as the council’s Chairman in 2016, the debt profile left to him by his predecessors was so high.

He further disclosed that what was now left to the council as its debt profile was within the range of Six to Seven (N600-700 million) Hundred Million Naira, which he promised to settle before the expiration of his tenure in 2022.

“And by the Grace of God, I have refused to put in place capital projects for now. I am working on reducing the debt profile so that when the debt profile is reduced in such a way that even if I get One Hundred or Fifty Million Naira, I can go ahead and start to put on ground some infrastructural project.

“But, for now, between when I assumed office for the second time and November to December this year, we will continue to pay salary and reduce debt profile of the council to zero level.

“By 2020, it will be work, work and work and it is not going to be pay any longer.

“And by 2021, we will begin to settle some of these liabilities that may have been incurred so that by 2022, the liabilities may just be something close to nothing.

“These are just the arithmetic because if you don’t plan, you will fail. So, it is 2020/2021, work and work and not play”,  the Chairman stressed.

Candido also promised the people of the AMAC that by January 2020, he will update the council and its residents on the status of the debt profile on whether it has been cleared or how much is left to be cleared.

The Chairman went on to explain that when he is able to reduce the council debt profile, it would afford him the opportunity to embark on capital projects such as the AMAC School of the Gifted and Innovation that was situated in Orozo ward, in the Federal Capital Territory.

He said the idea was to build it in such a way that even if the school does not materialise at the end, the students will still have skills to acquire knowledge and live.

Amaka E. Nliam