Delta State Commissioner for Finance, Chief Fidelis Tilijie, yesterday, put the state debt profile at N272 billion.
He said: “There have been bailouts before we came, there have been series of indebtedness and then, naturally, we needed to carry them out. He said expected refunds remained at N240 billion with respect to 13 per cent derivation, explaining: “Out of this, we have received N14.7 billion in three quarterly instalments.”
“We rejigged that process and reduced it to N100 billion. So, we have received N14.7 billion and have also accessed N30 billion from the commercial market.”