Politics
APC Accused Okowa Of Raising Debt Profile Of Delta To Over N600billion
The All Progress Congress APC has raised the alarm accusing the leadership of Governor Ifeanyi Okowa of the Peoples Democratic Party PDP of raising the debt profile of Delta state to a tune of over N600billion.
The party’s publicity secretary, Sylvester Imonina, disclosed this to newsmen in a statement issued over the weekend.
He cited the report of the 2018 Economic Confidential report which placed Delta as second most indebted state in the local debt stock in the country. Adding that, the loans obtained by the state government were diverted into private pockets of some contractors who are used as fronts to siphon these monies for greedy stalwarts of the PDP led government of Delta State.
Imonina expressed worry over the debt profile of the state adding that, it has only made the Deltans become slaves to their lenders.
He also raised eyebrows at the recent request for approval of a N15m loan Governor Okowa presented before the State Assembly.
Imonina said “Two days ago, immediately the 2020 budget was laid before the Delta State House of Assembly, a letter, requesting the consent of the House of Assembly for a loan of N15, 000.000.000.00 was read to the House.
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“According to the report of Economic Confidential, as at 2018, Delta State was the second most indebted State in Nigeria. That is, by December 2018, the external debt of Delta State was N251, 589bn, while the internal debt of the State is N228, 805bn.
“From available information, as at today, the debt profile of Delta State is over N600billion. To all conscientious Deltans, these questionable and unwarranted debts are economically crippling.
“Though, unlike Lagos State said to be the first on the table of indebtedness, there are no meaningful projects to show for the monies borrowed whereas, projects they (Delta state government) claim to have done or doing cannot stand the test of time, nor are they economically viable in the state.”
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