DELTA GOVT PAYS N130 BILLION OUT OF N465 BILLION INHERITED DEBT
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The Delta State Government says it has so far paid over N130 billion out of N465 billion to reduce the debt profile of the state.
The Executive Assistant (New Media) to the Delta State governor, Mr Felix Ofu disclosed this on Tuesday while speaking to journalists in Asaba, the Delta State capital.
He said “This administration inherited N465 billion and as of March 2024, Sheriff Oborevwori-led government had been able to pay over N130 billion to reduce the debt profile of the state.
“The government of Sheriff Oborevwori know that every debt accumulated will not only be at the neck of the people but our unborn children.
“Before now, surplus is being misused but this Oborevwori-led government has saved over N205 billion surplus through prudent management. It has never happened since the creation of Delta State.
“In all this, the Oborevwori-led government has not borrowed any money since he assumed office on May 29, 2023. So, when people are asking what he is doing with the huge money coming to the state, it baffles me.”
Ofu said that the government had executed a lot of projects in the state with the money accruing to it, noting that Oborevwori can not be accused of mismanagement of funds
In addition, the Executive Assistant (Media) to the governor, Mr Nobert Chiazor described the N78 billion contract by Julius Beger as iconic in the history of Delta State.
He said that the contract is currently changing the look of the Warri axis, insisting that Oborevwori runs an open and transparent government.
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