Abia owing over N250 billion - Otti - NEWS FRONTIER DAILY


Monday, May 29, 2023

Abia owing over N250 billion - Otti

The newly sworn-in Governor of Abia State, Dr Alex Otti, has lamented that the challenges before him were very enormous.

Otti who made the lamentation in his inaugural address after taking oath of office, regretted that Abia had been left in a precarious situation by the previous administrations.

"I must be frank to inform you that we have a very difficult and challenging road ahead of us. Abia State is starting, not from zero, but from an enormously negative position. 

"While we were busy battling with the devastating effects of insincere and corrupt leadership, the rest of the world, and even many parts of Nigeria, would appear to have left us behind."

The ex-banker further lamented the astronomical debt burden of the state which he put at over N250 billion.

"We have a treasury that has been criminally ravaged to the extent that we have an alleged N50 billion in unpaid salaries, gratuities, and pensions. Our local and foreign debt overhang is reported to be in the region of N200 billion, in addition to other debts to contractors. 

"We have a poorly motivated workforce, extreme youth unemployment, collapsed physical infrastructure, a terribly frail primary, secondary and tertiary healthcare delivery system. 

"These are in addition to a broken educational system, urban waste disposal crisis and a large army of citizens, especially teachers, health workers, including medical doctors and nurses, lecturers in tertiary institutions, Local Government Authority workers and most painfully, our senior citizens, who feel blatantly betrayed by successive administrations that wilfully and unconscionably abandoned them to live in wretched sub-human conditions."

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