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I’ve Paid ₦90bn of ₦191bn Inherited Debt Without Borrowing – Otti

Governor Alex Otti of Abia State has made significant progress in managing the state’s finances. In just 15 months, his administration has paid off ₦90 billion of the ₦191 billion debt inherited from the previous government. Otti emphasized that his administration has not borrowed money from any institution, relying instead on careful management of the state’s resources to meet financial obligations, such as paying salaries, pensions, and funding infrastructural development.

Under Otti’s leadership, Abia has seen remarkable improvements in foreign direct investment (FDI). The state moved from the 27th position to the 3rd position in the country for attracting foreign investors. The governor credited this achievement to his administration’s focus on creating a favorable environment for investment, with improved infrastructure and efforts to make the state more investor-friendly.

Governor Otti also shared plans for further development, including the promotion of food security. His administration has sponsored 300 Abians to learn modern farming techniques in Nasarawa State. Furthermore, he revealed that plans are in motion to establish the Greater Ohafia Development Commission (GADO) to ensure even development across all senatorial districts in Abia.

The governor also discussed ongoing efforts to improve Abia’s road infrastructure. Several road construction and rehabilitation projects are underway, including the expansion of the Onuimo Bridge-Abia Tower Umuahia road and the Port Harcourt Road Aba reconstruction, which is expected to be completed by February 2025. Other projects include the Umuahia-Uzuakoli-Ohafia Road and various other roads that will improve accessibility across the state.

Governor Otti’s focus on financial management, investment, and infrastructure is transforming Abia into a state with great potential for growth and development.

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