The Delta State Government on Friday categorically denied recent reports that it has incurred any new debt since Governor Sheriff Oborevwori assumed office on May 29, 2023. The State Finance Commissioner Chief Fidelis Tilije, during a press conference in Asaba, refuted claims made by an online news outlet, stating that the state has not entered into any borrowing agreements with any institution, whether domestic or international.
“This state has not borrowed a dime since this administration took effect,” Tilije declared. “I can confidently state that Delta State boasts the strongest financial position among Nigerian states.”
He highlighted the state’s commitment to responsible financial management, including debt repayment and timely contractor payments. The administration has implemented a policy of advance payments to contractors, ranging from 30% to 40% for most projects, with plans to increase this to 70% during the upcoming dry season to mitigate the impact of inflation.
The Commissioner for Works and Public Information, Mr. Charles Aniagwu, further emphasized Governor Oborevwori’s commitment to transparency and integrity in governance. He attributed the state’s ability to fund ongoing projects solely to its existing revenue streams, without resorting to any form of borrowing.
Both officials expressed surprise at the misleading online reports, reiterating that Delta State maintains a strong financial position and is capable of effectively addressing its development needs without external debt.
