A/Ibom Refutes Allegation Of N400 Billion Debt

By IAfrica
In Nigeria
Apr 26th, 2014
0 Comments
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Governor Godswill Akpabio has described as false speculations in the media that Akwa Ibom State government owes N400 billion.

Akpabio, who cleared the air on the issue yesterday at the state PDP executive committee meeting in Uyo, noted: “My part as the governor is to let you know that your government is working and to also allay your fears that government is owing N400 billion.”

The governor explained the State House of Assembly had approved a loan of N80 billion and that the state government has paid a greater part of the loan. He said: “The House of Assembly approved a total of N80 billion for the government and of course, when we took the loan at that time, we  also started servicing it. We have been paying about N5 billion every month. As I speak with you now I am not sure that this state owes a little above N50 billion.

“So when people write that we owe N400 billion, it is not true. In spite of what we are doing, prudence remains the keyword. We don’t want to mortgage the future of this state. We work in line with the law. I cannot go beyond what the state House of Assembly endorsed. We operate within the ambit of the law.”

Akpabio, who called on Akwa Ibom people to disregard such speculations, prayed God to lead the state well,saying: “Disregard their lies and explain to members of the public that it is part of 2015. Some people take falsehood and propaganda as strategy for 2015. For others like us, we have decided to follow the constitution of PDP for 2015 and outside this we go on our knees and pray God should lead this state well.”

Governor Godswill Akpabio


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