Gov Fubara of Rivers State Says He Inherited N225.279bn Debt From Wike's Government

Date: 30-05-2024 10:25 am (2 weeks ago) | Author: kacy lee
- at 30-05-2024 10:25 AM (2 weeks ago)

Governor Siminalayi Fubara of Rivers State has disclosed that he inherited a substantial debt burden from the previous administration led by Nyesom Wike. In his address, Governor Fubara mentioned that his administration has initiated nine new road projects with a total value of N534.332 billion. However, he also inherited 34 uncompleted projects valued at over N225.279 billion, which are spread across 13 local government areas.

Governor Fubara also highlighted the political challenges faced by his administration, noting that significant political turmoil erupted just three months after he took office on May 29, 2023. He provided these insights during his presentation of an Account of Stewardship and Scorecard to commemorate the first anniversary of his administration at the Dr. Obi Wali International Conference Centre in Port Harcourt on Wednesday, May 29.

The Governor said: “We started this journey with a bang. We were focused. We were determined to make the change we promised with a sense of urgency.

“But then, somehow, we suddenly found ourselves in the cesspit of crisis barely three months into our tenure. It was not just an ordinary political crisis. It was a vicious existential crisis.

“But thank goodness, the worst is over. We have successfully defended our rights and opportunity to govern our State and advance its progress in freedom, and we will continue to prevail.”

He added, “For us, any government worth its name must be accountable, responsive, and responsible for the security and well-being of the people.

“Having managed the affairs of our State for one year, including dispensing public resources, it is only proper that we render account with a public presentation of our performance record.

“I am, therefore, pleased to stand before you to present our Scorecard for the first year we have been in office as the Executive arm of the Government of Rivers State.”

“We also needed to attract investments into the State and increase our internally generated revenue base as too much reliance on federal allocations was a challenge to the realisation of our development goals.

“We, therefore, set up an IGR/Investment Advisory Committee, which is helping us to navigate our course for increased economic investments and internally generated revenue to accelerate economic growth, create jobs and advance the welfare and well-being of our people.”

Posted: at 30-05-2024 10:25 AM (2 weeks ago) | Addicted Hero
- kp45 at 30-05-2024 10:42 AM (2 weeks ago)
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Posted: at 30-05-2024 10:42 AM (2 weeks ago) | Addicted Hero
- gogoman at 30-05-2024 12:56 PM (2 weeks ago)
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Posted: at 30-05-2024 12:56 PM (2 weeks ago) | Grande Master