July 20, 2024

Edo Rising Debts: Stop Borrowing, Embrace Prudent Financial Mgmt., Gen Airhiavbere, APC Guber Aspirant Cautions Obaseki

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Gen Airhiavbere and Gov Obaseki

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By Reporter

Retired Military General Charles Airhiavbere has called out Edo State Governor, Mr Godwin Obaseki over the rising debt of the state.

General Airhiavbere who is a gubernatorial aspirant for the All Progressives Congress (APC) in Edo State, therefore cautioned Obaseki on the state’s financial situation, and asked him to stop further borrowing.  

He expressed serious concern over Edo State’s 5th position as EDO 2024: The Road Ahead one of the most indebted, according to the ranking by Fiscal Responsibility Commission.

In a statement released over the weekend, the former Executive Director, of the Niger Delta Development Commission (NDDC), highlighted the alarming situation where Obaseki is still entering into MOU and partnerships that involves substantial borrowing, despite the fact that the governor is on his way of government house.

Airhiavbere therefore asked Obaseki to embrace prudent financial management and strategic planning to address the existing debt burden, and insisted that, the state’s current financial state demands a careful assessment of its obligations to curtail the escalation of indebtedness.

According to General Airhiavbere, “It is worrisome that Edo State currently holds the unenviable position of being the 5th most indebted state in Nigeria.

“Taking additional loans at this juncture, especially as the tenure is concluding, could exacerbate the financial challenges faced by the state.”

The APC gubernatorial hopeful emphasised the need for a comprehensive debt audit, strategic debt restructuring, revenue diversification, cost optimization, and transparent fiscal governance.

He stressed that these measures will remedy the current bad financial state that the present administration has found itself.

General Airhiavbere promised that he will address the root causes of the state’s indebtedness through fiscal discipline, responsible and effective financial management system when he is elected governor of Edo State. Edo 2024: I’m a True Esan Boy, Asue Ighodalo Declares as He Joins Governorship Race

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