Though the Abia State Government hopes to service the 2024 budget deficit of N319 through loans, the administration is not in a hurry to draw any credit facilities. This assertion was based on misconceptions in some quarters that Otti’s administration has been borrowing to finance the massive projects he has been executing in the state. The Commissioner disclosed that the governor’s administration has been running on public trust since it came on board, stating that although the state hoped to service the 2024 budget deficit of N319 through loans, the administration was not in a hurry to draw any credit facilities. This administration is running on trust and public confidence. Otti’s administration is committed to transparency and accountability and would not mismanage public funds.

Source: Nigerian Tribune May 03, 2024 23:51 UTC