Governor Alex Otti of Abia State announced that, in 15 months, his administration has paid off N90 billion of the N191.2 billion debt inherited from previous administrations.
Otti further revealed that Abia State attracted $159 million in foreign direct investment between June 2023 and June 2024 under his leadership.
He shared this information during a media session on Thursday night in Umuahia.
Otti emphasized that his administration has not taken any loans from financial institutions to date.
He further explained that he has been carefully utilizing the state’s resources for infrastructure development, salary and pension payments, and fulfilling other governmental financial commitments.
Otti said: “I inherited N191.3 billion from my predecessor in May 2023. My predecessor inherited about N35 billion from his predecessor in 2015.
“But today, my administration has paid over N90 billion of the debt we inherited.
“We still pay salaries and pensions every month. And I have not borrowed a Kobo from anybody.
“The achievements you see today are a product of prudent management of scare resources.
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