Alex Otti, the Governor of Abia State has revealed that his administration within 15 months in office cleared N90 billion out of the N191.2 billion debt inherited from the previous administrations without borrowing, Edum News reports.
The Governor also revealed that the state recorded $159 million foreign direct investment between June 2023 and June 2024 under his watch.
Otti made the revelation during a media parley on Thursday night in Umuahia, the Abia State capital.
Speaking on his administration’s achievements, the governor noted that asides from paying up part of the inherited debt, they have been consistent in the payment of salaries and pensions as well as other financial obligations of Government.
He further stated that they have been deploying the resources of the state for other infrastructural development.
He said, ‘I inherited N191bn debt’
Otti said: “I inherited N191.3 billion from my predecessor in May 2023. My predecessor inherited about N35 billion from his predecessor in 2015. But today, my administration has paid over N90 billion of the debt we inherited.
“We still pay salaries and pensions every month. And I have not borrowed a Kobo from anybody. The achievements you see today are a product of prudent management of scare resources.”
