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.

OmotolaDiego:
The late Alamesiagha and Ibori looted the future and the unborn generation of Delta state

mrvitalis:
Why would u do that makes no sense unless interest is high like super high

130 billion can make Delta State University free for life I mean forever and also pay the school fees of all Delta indigenous people in any state or federal Universities across Nigeria

Yes I mean it

OmotolaDiego:
The late Alamesiagha and Ibori looted the future and the unborn generation of Delta state

Promise47:
Exactly 💯 mostly Ibori

OmotolaDiego:
The late Alamesiagha and Ibori looted the future and the unborn generation of Delta state

omoadeleye:




This is how to know those chronic bad debtors

Kobojunkieee:
Una don get una money back from those thieves abi una dash them be that?

OmotolaDiego:
The late Alamesiagha and Ibori looted the future and the unborn generation of Delta state

alphaNomega:
their money no fit finish so that one na dash

Sonnobax15:
. Alamesiagha, governor of Delta state? .

Creamypie:
some governors go borrow the whole world keep for puppet successor to pay. Oborewori has no right 2 complain. As speaker, they approved the loans, which were shared among themselves. Ordinary Achalla-Ibusa road of 5km to link igbuzor 2 asaba from inside town, them dey do am since 2016.them go wait till raining season to dig the whole road, and abandone it till next raining season to dig the road. No work done during seven months of dry season

OmotolaDiego:
The late Alamesiagha and Ibori looted the future and the unborn generation of Delta state

OmotolaDiego:
The late Alamesiagha and Ibori looted the future and the unborn generation of Delta state

Sonnobax15:
. Alamesiagha, governor of Delta state? .

mrvitalis:

Debt is not bad not at all

If the interest for this debt is say 8% that's 10.4 billion

And u have what to invest the 130 billion into to earn 25 billion yearly it's foolish to pay back the loan

Loan becomes a problem if and only if revenue is less than or equal to debt servicing

omoadeleye:



But the state debt rating will be low because their gearing will be to high.

OmotolaDiego:
The late Alamesiagha and Ibori looted the future and the unborn generation of Delta state

OmotolaDiego:
The late Alamesiagha and Ibori looted the future and the unborn generation of Delta state

OmotolaDiego:
The late Alamesiagha and Ibori looted the future and the unborn generation of Delta state