On state investment in the gas project, Mr Tilije said there was no doubt the project would bring back the past activities in Warri...
The State Commissioner for Finance, Fidelis Tilije, stated this at a news conference in Asaba while reacting to claims that Governor Ifeanyi Okowa’s led administration had taken a fresh N120 billion loan to increase the debt profile of the state.
Mr Tilije said the state was solvent, adding that the Okowa administration was putting modalities in place to ensure that all completed and most ongoing projects are paid for to ensure that the next administration has enough funds to run. “You will recall that we had earlier told you the state government has decided to discount N100 billion instead of the initial N150 billion and we had outlined the number of projects to be financed with the funds.“So far, we have accessed a total of N80 billion as bridging finance, and with that, lots of payments have been made to contractors and fully paid for those projects listed to be financed with the funds.
“We are still trying to access the additional N20 billion but we are already prosecuting the projects that we have itemised when we approached the House of Assembly for the funds. He said that despite the electioneering period, the promise to keep working till the last day in office was on course.
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