The Governor of Abia State, Alex Otti has disclosed that his administration paid ₦90 billion out of the ₦191.2 billion debt inherited from the previous administrations.
He said that this was carried out within 15 months.
The Governor disclosed that Abia had recorded $159 million foreign direct investment between June 2023 and June 2024 under his watch.
Otti made the disclosure during a media parley Thursday night in Umuahia.
He also declared that his administration had not borrowed money from any institution so far.
Otti explained that he has been prudently using the state’s resources for infrastructural development, payment of salaries and pensions as well as other financial obligations of Government.
According to him, “I inherited N191.3 billion from my predecessor in May 2023. My predecessor inherited about N35 billion from his predecessor in 2015.
“But today, my administration has paid over N90 billion of the debt we inherited.
“We still pay salaries and pensions every month. And I have not borrowed a Kobo from anybody.
“The achievements you see today are a product of prudent management of scare resources.”
On the foreign direct investment, Governor Otti said that Abia had moved from the 27th position to the 3rd position in the states with highest foreign direct investment.
He explained that the efforts of his administration to put in place the necessary infrastructure and other investment-friendly factors, had made Abia a destination for investors.