Obaseki administration not hindered by huge inherited debt - Edo government

Obaseki administration not hindered by huge inherited debt - Edo government

- The Edo state government has reacted to a media report about Governor Godwin Obaseki

- The government describe the report as false and fake news

- Recent media reports had suggested that Governor Obaseki's administration is hindered by huge inherited debt from the previous administration

The Edo state government has denied media reports making the rounds that the Governor Godwin Obaseki's administration is hindered by huge inherited debt from the previous administration.

The government urged the people of the state and other stakeholders to disregard the report, describing it as false and fake.

A statement by the special adviser on media and communication strategy to Edo state governor, Crusoe Osagie, said: “this report is completely false and none of the media outfits that published it can provide any proof what so ever, either by voice recording or signed statement, to show that Obaseki made this comment.”

READ ALSO: Former Nigerian ambassador James Barka renounces membership of APC

He added that “the statement is not true and was never made” and advised “Edo people and all Nigerians to completely disregard and discountenance the report as fake news and a mere fabrication with no basis whatsoever in fact.”

Osagie stressed that “The report is the figment of the imagination of the individuals who published it” and lamented that “the publication goes a long way to show how much the noble journalism profession has been invaded by people who do not have any training what so ever to do the job.”

According to him, “The Edo state government under the leadership of Governor Godwin Obaseki is not hindered by debt obligations. All our projects are being undertaken as planned and the terms of our facilities from the World Bank and the federal government are liberal with repayment period of over twenty (20) years.”

He averred that “As chairman of the economic team, under former governor Adams Oshiomhole, Governor Obaseki negotiated most of these concessionary loans from International Development Agencies (IDAs). Thankfully, we have road and other infrastructure to show for these facilities across the state today.”

PAY ATTENTION: Read the news on Nigeria’s #1 new app

Recent media reports had claimed Obaseki lamented that efforts by his government to provide the much-needed infrastructure in the state are being hampered by the huge debts he inherited when he came to office.

He said the debts were incurred by successive governments in the state, when he received the chairman of the governing board of the National Youth Service Corps (NYSC), Amb Fatima Balla Abubakar, and her delegation.

Minister of industry says economy is improving; Nigerians disagree | Naij.com TV

Subscribe to watch new videos

Source: Naija.ng

Related news
PAL Pensions takes financial literacy training to students

PAL Pensions takes financial literacy training to students

PAL Pensions takes financial literacy training to students
NAIJ.com
Mailfire view pixel