Also, Akwa Ibom State Governor, Umo Eno, met a domestic debt of N219,617,660,991.63 and $46,569,647.22 in external debt among others. According to the report, Abia state disbursed N2.62bn to service inherited debts, while Akwa-Ibom spent N21.96bn in nine months on debt servicing. Anambra spent N5.12bn, Cross River spent N13.82bn, and Delta State spent N30.31bn to service loans obtained by former Governor Ifeanyi Okowa. Debt servicing not affecting OndoHowever, the Ondo State Governor, Lucky Aiyedatiwa, admitted that the state government had been servicing debt incurred by the past administrations in the state without problem. He said, “Servicing debt is a responsibility of the government, and this administration is not defaulting on repaying those debts.

Source: Punch June 09, 2024 14:14 UTC