Delta Government Denies Borrowing Claims, Reaffirms Financial Strength

By Francis Sadhere, Warri

The Delta State Government has strongly refuted reports that it has borrowed funds since Governor Sheriff Oborevwori assumed office on May 29, 2023.

At a press conference held in Asaba on Friday, the State Commissioner for Finance, Chief Fidelis Tilije, categorically stated that the state has not entered into any borrowing arrangements, whether with local, national, or international institutions.

Tilije clarified, “Delta State has not borrowed a dime since this administration took effect on May 29, 2023. We have not entered into any borrowing relationship whatsoever—whether with banks, corporations, or any individual or institution.”

He further said that Delta State remains the strongest financial state in the country, asserting with confidence, “I can state categorically, in any forum, that Delta State is the strongest financial state in Nigeria.”

Tilije explained that the state had been focused on responsibly managing its finances and paying down existing debts. He highlighted that despite not borrowing, the administration has been able to fund major construction projects by offering contractors advance payments, ranging from 30% to 40%.

Additionally, he mentioned that the state government plans to increase advance payments up to 70% during the dry season to mitigate the impact of inflation on ongoing projects.

“We are committed to creating value for money for Deltans, and our inspections show that the work is progressing well,” he added. “We are leveraging available resources without resorting to borrowing, ensuring that we meet our obligations and continue with development projects.”

In his remarks, the State Commissioner for Works (Rural Roads) and Public Information, Mr. Charles Aniagwu, also reiterated the state’s financial independence, emphasizing that all projects undertaken in the past 19 and a half months were funded with the state’s existing resources.

He expressed surprise at the claims of the state being the top borrower, stating, “We don’t know where that report came from. As a state, we are in a position of solid liquidity, and we have not borrowed a penny.”

Aniagwu further commended Governor Oborevwori for his integrity and transparency in managing the state’s affairs.

He praised the governor’s approach to financial management, noting that the Oborevwori administration has focused on using available state funds to execute key projects for the benefit of the people.

The Delta State Government has thus reassured citizens that it remains financially sound, with no plans to seek loans, and is committed to driving sustainable development through responsible financial practices.

End