ASABA/Nigeria: The Delta State Government has expressed serious concern over recent reports circulating on some online media platforms, alleging that Governor Sheriff Oborevwori borrowed the sum of N40 billion shortly after assuming office.
The government has categorically refuted these claims, describing them as misleading and capable of causing unnecessary confusion among the public.
In an official statement, Dr. Ifeanyi M. Osuoza, the Honourable Commissioner for Information in Delta State, emphasized that the Oborevwori administration has not borrowed any money since taking office. He clarified that the administration did not borrow the alleged N40 billion, and the records are available for verification by anyone interested in the truth.
According to Dr. Osuoza, what the Oborevwori administration did was to provide a guarantee for a N40 billion loan facility for the Association of Local Governments of Nigeria (ALGON).
This loan was intended to address the unpaid pension liabilities of retired Local Government personnel across the state. The loan, which is repayable over a five-year period, will be repaid through direct debits to the Local Government Councils, ensuring that the burden does not fall on the state government.
Dr. Osuoza also addressed the claims surrounding Delta State’s debt profile, stating unequivocally that the so-called N465 billion debt figure represents the accumulated debt from previous administrations. He praised Governor Oborevwori as a prudent manager of resources who has adhered strictly to the terms of repayment outlined in the loan agreements.
The Governor’s commitment to honoring these agreements, Dr. Osuoza argued, should be seen as a testament to his integrity and dedication to maintaining the state’s financial credibility.
The Commissioner further highlighted the importance of debt servicing and repayment, noting that it enhances the credibility of any administration in the global financial community.
A well-managed economy that effectively services its debts, he said, is better positioned to maintain its developmental agenda and ensure the welfare of its citizens.
Dr. Osuoza asserted that the Oborevwori administration has continued to do just that, balancing debt obligations with ongoing development projects.
In his statement, he also appealed to the media to adhere to the ethical standards of journalism by thoroughly verifying facts before publication.
He reiterated that Governor Oborevwori remains committed to transparency and accountability, maintaining an open-door policy for anyone seeking accurate information about the administration’s activities.
Through this clarification, the Delta State Government seeks to dispel any misinformation and reassure the public of its commitment to responsible governance and the prudent management of the state’s resources.
