Delta’s Debt Profile Stands at N272bn, Says Finance Commissioner – THISDAYLIVE

The Delta State Commissioner for Finance, Fidelis Tilije, yesterday said the state’s debt size was not more than N272 billion currently.

“The CBN at some point in time through the instrumentality of NEC, had to freeze the payment of indebtedness that were granted to past administrations because of the COVID-19 pandemic.” “We had attempted to approach the market to discount a figure of N150 billion, which is about half of the expected refund. We eventually rejigged that process and reduced it to N100 billion. So, we have received N14.7 billion and have also accessed N30 billion fromOn why the state was not cleaning up the debt profile if it was confident that the expected refunds from Federal Allocation Accounts Committee could clean out such debts, he said that “Okowa is a very conservative manager of resources.

“However, what is extremely critical here is the fact that government is a continuum, and therefore it is important for the current administration to think that Delta will not die after it; and, therefore must make provision for the survival of the next administration. “I have said before Delta is the most solvent state in Nigeria, which is why if were to take a discounting of all the expected refunds from the FG, we will write off all the debt profile of Delta State clean without touching FAAC and IGR receipts which means that Delta is the only state that can write off all the debts and run normally.”

Bearing placards with various inscriptions calling on the state government to pay them their dues since Governor Nwesom Wike of Rivers State had reportedly revealed that Delta and other oil producing states had sufficient funds to settle them.

This Government, why have they not pay the pensioners

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