The Delta State Government has refuted reports in some online media platforms alleging that Governor Sheriff Oborevwori borrowed the sum of N40 billion soon after assuming office.
The refutal is contained in a statement signed by the State Commissioner for Information, Dr. Ifeanyi Osuoza, who said the reports were not only misleading, but also capable of creating misunderstanding and confusion in the state.
Dr. Osuoza categorically stated that the State Government DID NOT Borrow N40 billion, adding that the Oborevwori administration had not borrowed any dime since inception.
“The records are there for anybody who cares for the truth to verify.
“What the Oborevwori administration did was to graciously guarantee a N40b loan facility for ALGON, to enable it offset the unpaid pension liabilities of retired Local Government personnel. Repayable over a five-year period, the loan is to be repaid through direct debits to the Local Government Councils.
“For the umpteen time, let me also state without equivocation that the so-called N465 billion debt amount is actually the existing debt profile accumulated by previous administrations in the state. Governor Oborevwori, as many would testify, is a prudent manager of resources, and has done the right thing by keeping to the terms of repayment as specified in the loan agreements. The Governor deserves commendation, not condemnation, for being a man of honour and integrity.
“Debt servicing/repayment improves the credibility of any administration in the global financial community as a serious minded and progressive administration, which will enjoy the respect and support of financial institutions. It is only a well run economy that can embark on debt servicing and still maintain its developmental vision and focus for the welfare and well being of its citizens, as the Oborevwori administration has continued to do”, the Information Commissioner stated.
He appeal to the media, as strategic partners of development, to always cross check their facts, in line with the ethics of the profession, before rushing to publish, reiterating that Governor Oborevwori maintained an open door policy, and was committed to transparency and accountability in the administration of the state.
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