Sim Fubara, the Governor of Rivers State, has denied allegations that his administration has raised the state's external debt to $203 million. He challenged critics to provide evidence of such borrowing.
Rivers State Governor, Sim Fubara , has broken his silence on claims that his administration has increased the state's external debt from $80 million in 2023 to $203 million in June 2024. Fubara has denied borrowing any funds for projects, challenging critics, including the Debt Management Office , to provide evidence of such loans.Speaking during the inauguration of the reconstructed 11.
'I stand to be challenged; this administration has not borrowed to execute projects. The only money we borrowed was the one we used for the Ring Road project, and everybody is aware of it,' Fubara said.Sources close to the government revealed that the loans in question were actually taken by the immediate past governor for a water project, but were not reported on the DMO website until recently.
Rivers State Sim Fubara External Debt Debt Management Office Ring Road Project
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rivers State Governor Pledges to End Political ViolenceGovernor Siminalayi Fubara has committed to implementing the recommendations of the State Commission of Inquiry to end the cycle of violence in Rivers State's politics.
Read more »
Governor Fubara Commences Payment of New N85,000 Minimum Wage in Rivers StateGovernor Sim Fubara of Rivers State has started paying the new N85,000 minimum wage to workers in the state, as of November 27, 2024, fulfilling his promise to implement the wage increase.
Read more »
Former President Goodluck Jonathan Advises Rivers State Governor Amid Political CrisisFormer president Goodluck Jonathan has encouraged Governor Siminalayi Fubara to remain committed to state development despite opposition, during the Etche festival in Rivers State. Jonathan highlighted the significance of maintaining peace in Rivers for national economic stability.
Read more »
Rivers State Governor Promises to Enforce Inquiry Report on Local Government Secretariat DestructionGovernor Siminalayi Fubara of Rivers State has committed to implementing the recommendations of the State Commission of Inquiry report on the destruction of local government secretariats, vowing to hold accountable those involved in the violence.
Read more »
Rivers State Governor Urges Non-Partisan Governance During Road InaugurationGovernor Siminialayi Fubara of Rivers State emphasized non-partisan governance during the inauguration of the 11.8km Okehi-Umuola-Eberi Link Road, stressing that his duty is to all residents, not just his party members.
Read more »
BREAKING: Governor Fubara Takes Action Following Ban on Federal Allocations to Rivers StateA Trusted Nigerian Newspaper
Read more »