OBOREVWORI PAYS N265BN OF N465BN INHERITED DEBT; ONLY 42.79% LEFT TO BE REPAID

By Pius Mordi From a peak of N465 billion, Delta State’s debt profile has now dropped to N199.575 billion, the largest reduction among the 36 states, according to official data from the Debt Management Office (DMO). In effect, the state has repaid N265.425 billion under Governor Sheriff Oborevwori’s watch. By the DMO figures, only about 42.79 percent of the debt is now left to be paid by the Governor. By March 2024, the DMO had listed Delta as cumulatively owing N465 billion. However, by July 2024, N130 billion had been…

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