Asaba, Delta State – August 28, 2024 – The Delta State government, led by Rt. Hon. Sheriff Oborevwori, as of June, has successfully paid off N161 billion of the N465 billion debt inherited from the previous administration, according to the Commissioner of Economic Planning, Mr. Sonny Akporokiamo Ekedayen.
During a briefing with journalists at his office on Wednesday, August 28, 2024, Ekedayen provided insights into the state’s financial management. He noted that the over N40 billion received monthly from the Federation Allocation Account Committee (FAAC) is being utilized prudently. Of this amount, over N12 billion is allocated to salaries for the state’s workforce, which includes more than 55,000 employees, while an additional N12 billion is set aside for debt servicing.
Ekedayen also detailed the government’s expenditures, stating that billions of naira are being invested in maintaining over 1,500 public primary and secondary schools across the state. He highlighted that the government subsidizes enrollment fees for senior secondary students, reducing the financial burden on families.
The Commissioner emphasized the ongoing efforts to improve internally generated revenue (IGR) as a means to further enhance the state’s development. He also commended Governor Oborevwori for his prudent management of resources, ensuring the timely completion of all ongoing projects.
Ekedayen’s statements reflect the Delta State government’s dedication to fiscal responsibility and its focus on key sectors such as education and infrastructure, with the ultimate goal of improving the quality of life for its citizens.
