The Delta State Government has absolved Governor Sheriff Oborevwori of any connection to the state’s high debt profile, emphasizing that no loans have been taken since his administration began on May 29, 2023.
Addressing journalists in Asaba the state capital on Friday, the state Commissioner for Finance, Chief Fidelis Tilije, dismissed allegations linking the current administration to new borrowings, labeling such claims as baseless and misleading.
“This administration has not entered into any borrowing relationship, local, national, or international, since May 29, 2023. I can categorically state that Delta State is financially strong, standing tall as the most stable state in Nigeria in terms of financial management.
“The debts we are dealing with predate this administration, and Governor Oborevwori has been focused on responsibly managing the state’s finances without resorting to borrowing,” Tilije affirmed.
Tilije revealed that the Oborevwori administration is committed to paying down inherited debts, while funding critical projects across the state.
He highlighted the government’s proactive measures to ensure contractors are paid promptly, with advance payments for major projects reaching up to 40 percent, and plans to increase this to 70 percent during the dry season to accelerate project completion.
“Our focus is clear: to create value for Deltans, while avoiding the pitfalls of inflation. Every kobo spent is carefully accounted for, and no contract under this administration has been stalled due to lack of funds,” Tilije stated.
Speaking in the same vein, the state Commissioner for Works (Rural Roads) and Public Information, Mr. Charles Aniagwu, also weighed in, describing Gov. Oborevwori as a leader of impeccable integrity.
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He maintained that the state’s finances are stable and that all projects undertaken in the last 19 months have been funded entirely from available resources.
Aniagwu said: “We have not borrowed a single penny since this administration began. The claims linking Governor Oborevwori to Delta State’s debt profile are false and misleading. The high debt levels are a legacy issue, and this administration has done remarkably well to maintain financial discipline and ensure liquidity.”
Aniagwu further emphasised that the state’s liquidity remains solid, with the administration adopting a transparent and accountable approach to governance.
“The governor has demonstrated exceptional financial management skills, ensuring that the state remains financially independent and capable of addressing its challenges without resorting to borrowing.
“The Oborevwori administration remains committed to delivering sustainable development through prudent financial management and prioritizing the welfare of Deltans,” Aniagwu added.
