MEET FRANK OSHANUGOR
By Frank Oshanugor
Delta State Government has reacted to recent online publications which alleged that Governor Sheriff Oborevwori’s administration has borrowed not less than N40billion since assumption of office and described such reports as totally false and misleading.
In a statement on Tuesday, State Commissioner for Information, Dr. Ifeanyi Osuoza said “the reports are not only misleading, but also capable of creating misunderstanding and confusion in the State.
“For the avoidance of doubt, I wish to state categorically that the Delta State Government DID NOT Borrow N40 billion. And the Sheriff Oborevwori administration has not borrowed any dime till now. The records are there for anybody who cares for the truth to verify.”
According to the Commissioner, “what the Oborevwori administration did was to graciously guarantee a N40b loan facility for ALGON, to enable it offset the unpaid pension liabilities of retired Local Government personnel. Repayable over a five-year period, the loan is to be repaid through direct debits to the Local Government Councils.
“For the umpteen time, let me also state without equivocation that the so-called N465 billion debt amount is actually the existing debt profile accumulated by previous administrations in the State. Governor Oborevwori, as many would testify, is a prudent manager of resources, and has done the right thing by keeping to the terms of repayment as specified in the loan agreements. The Governor deserves commendation, not condemnation, for being a man of honour and integrity.”
The Information Commissioner further stated that “Debt servicing/repayment improves the credibility of any administration in the global financial community as a serious minded and progressive administration, which will enjoy the respect and support of financial institutions. It is only a well run economy that can embark on debt servicing and still maintain its developmental vision and focus for the welfare and well being of its citizens, as the Oborevwori administration has continued to do.”
Meanwhile, Osuoza has appealed to the media, as strategic partners of development, to always cross check their facts, as the ethics of the profession demands, before rushing to publish. “I wish to reiterate that Governor Oborevwori maintains an open door policy, and is committed to transparency and accountability in the administration of the State,” he added
