The Delta State Government has dismissed reports on online media platforms alleging that Governor Sheriff Oborevwori borrowed N40 billion shortly after assuming office.
The government described the reports as “misleading and capable of creating misunderstanding and confusion in the State.”
State Commissioner for Information, Dr. Ifeanyi Osuoza, stated, “The Sheriff Oborevwori administration has not borrowed any dime till now.”
He explained that the government guaranteed a N40 billion loan facility for ALGON to offset unpaid pension liabilities of retired Local Government personnel, repayable over five years through direct debits to the Local Government Councils.
Osuoza emphasized, “For the umpteen times, let me also state without equivocation that the so-called N465 billion debt amount is the existing debt profile accumulated by previous administrations in the State.”
He praised Governor Oborevwori for being a “prudent manager of resources” and a “man of honour and integrity” who has kept to the terms of repayment as specified in the loan agreements.
Osuoza added, “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.”
He noted that the government has maintained its developmental vision and focus on the welfare and well-being of citizens despite debt servicing.
The Commissioner appealed to the media to “always cross-check their facts” before publishing, emphasizing that Governor Oborevwori maintains an “open door policy” and is committed to transparency and accountability in the administration of the State.
