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Opinion

Abia Frightening Debt: Time for Abia Government to Speak.

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It’s no longer news that Abia State is the 5th most indebted state in the country.
According to Debt Management Office of the federation, Abia is indebted to the tune of 78 Billion Naira.

Already the Abia state government has disputed the claim, unfortunately the government has refused to say how much the state is owing. The government added that outside its statutory monthly allocations, it has gotten 14.150 Billion as bailout fund, and 10 Billion of her share from the excess crude money.

On assumption of office, APGA and her leaders accused the out gone government of T.A. Orji of leaving an empty treasury, and challenged Dr. Ikpeazu led government to disclose the financial status of the state. While Dr. Ikpeazu dismissed the claim of empty treasury and asked who gave APGA the impression that T.A. Orji left an empty treasury, his government didn’t deem it right to tell Abians the financial status of the state.

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Honestly there’s nothing bad in being a debtor, but there is every thing bad in being a bad debtor. Mbakwe took loans and used same to execute verifiable capital projects and still paid workers as at when due, unfortunately this time around we found our selves in a state where billions have been secretly borrowed and squandered, and without even the courtesy of paying suffering workers.

I was very much aware that the failed government of Orji Uzor Kalu was not owing before he left office, because Obasanjo through Okonjo Iweala stopped him from borrowing after our debt inherited from old IMO state was written off. So who is responsible for this huge and embarrassing debt profile?

For those who view sensitive issues like this one from political and sectional point of view because of our timid democratic system, this is a serious issue that must not be trivialized, because we are all victims directly or indirectly.

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With this kind of debt, Abia will struggle to execute capital projects worthy of being celebrated except miracles happen. Payment of workers as at when due will remain an illusion because of consistent deductions. So rather than just deny this obvious fact without offering satisfactory explanation s, the government should tell us the truth, the whole truth and nothing but the truth.

Abians desire to know, because they deserve explanation from a government that presides over their affairs, that is how it is done.

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