Enugu Crashes External Debt by $39.8m as Mbah Leads 17 New Governors in External Debt Reduction– StatiSense

Enugu State under the leadership of Dr. Peter Mbah, reduced its debt by $39.8 million, the highest by new state Governors between June 2023 and June 2024, Statisense said at the weekend, citing data published by the Debt Management Office.

A post on StatiSense X handle entitled, “2023 New Governors and Their External Debt Status in One Year,” revealed that Governor Mbah reduced the state’s external debt by $39.8 million, followed by Governor Umo Eno of Akwa Ibom State, who reduced the state’s external debt by $6.24 million.


Other states with new Governors that had a reduction in their external debt in the period under review – June 2023 to June 2024 – were Benue ($2.82 million), Delta ($1.40 million), Jigawa ($1.14 million), and Zamfara ($874,000)


However, 12 states recorded a rise in their external debt stocks under their new leaders, the data company and AI platform said.


Rivers external debt grew by $119.9 million, while those of Kaduna, Katsina, and Cross Rivers grew by $71.6 million, $62.3 million, and $57.8 million, respectively.


Ebonyi State’s external debt grew by $35.3 million, while that of Kano State grew by $22.1 million and Kebbi State recorded $16.4 million rise in external debt, according to the internal data company.


Others listed were Sokoto ($16.1 million), Taraba: ($9.54 million), Niger: ($8.87 million), Abia ($4.96 million), and Plateau ($2.35 million).

Comments

Post a Comment

Popular posts from this blog

The Governor Who Won’t Be Silenced: Gov. Makinde and the Struggle for Multiparty Democracy in Nigeria

Image
BY Innocent Imoh Paul Another election cycle is close by; and concerns about the strength of its multiparty democracy and the balance of power within the federation (Nigeria) are resurfacing. In this climate, Governor Seyi Makinde of Oyo State has emerged as one of the most outspoken opposition figures, arguing that the preservation of democratic pluralism is central to national stability. His firm stance within the Peoples Democratic Party (PDP), and his decision not to support President Bola Tinubu’s anticipated 2027 re-election bid, have renewed debate about federal influence, opposition resilience, and the future direction of Nigeria’s democracy. Makinde’s position extends beyond routine partisan disagreement. It reflects a broader concern about the pressures facing opposition parties in Nigeria and the implications such pressures may have for democratic competition. In recent public remarks, he warned that efforts to weaken or fragment the PDP could ultimately erode the checks and...
Read more

SPEECH BY THE EXECUTIVE GOVERNOR OF OSUN STATE, HIS EXCELLENCY SENATOR ADEMOLA JACKSON NURUDEEN ADELEKE, AT THE HANDING OVER OF OBA HILLS FOREST RESERVE TO THE FEDERAL GOVERNMENT TO BE MANAGED AS A NATIONAL PARK ON TUESDAY, 10TH DECEMBER 2024

Image
Protocols It is with great pleasure that I welcome you all to this historic occasion. I also extend my warm greetings to the eminent personalities, stakeholders, and representatives of the host communities of Oba Hills National Park. 2. I acknowledge and appreciate all the individuals who have contributed immensely to the success of this initiative. I particularly thank those who served in various transition committees over the years. Your efforts have brought us to this milestone. 3. Oba Hills Forest Reserve, now to be known as Oba Hills National Park, spans about 4,225 hectares across Iwo, Ejigbo, and Ola-Oluwa Local Government Areas. This forest reserve hosts varieties of ecological value. The site is also home to five unique hills which provide habitats for diverse plants and animals. 4. We regret to note that some of these species are endangered due to activities such as logging, hunting, and other human factors. It was for this reason that the Osun State Government engaged the Ni...
Read more

Delta awards N78bn contract for flyovers in Warri, Effurun

Image
Delta State Government has approved the award of contracts worth N78 billion to Julius Berger Nigeria Limited for the construction of three flyover bridges and road expansion in the Warri/Effurun megalopolis. This was part of decisions reached at the State Executive Council meeting presided over by Governor Sheriff Oborevwori on Tuesday in Asaba.  Briefing journalists at the end of the Exco meeting, the Permanent Secretary, Ministry of Works, Engr Fred Edafiogho, said approval of the contracts were aimed at solving the gridlock often experienced in the twin cities. He said the contracts included the design and construction of flyover bridge at Enerhen junction to Marine Gate; study, design and construction of road expansion and improvement works on the section of the DSC/NPA Expressway from Effurun roundabout to DSC roundabout including construction of a 3/4 Cloverleaf interchange at the existing Effurun Flyover Bridge as well as two pedestrian bridges. Others are design and constr...
Read more