Worries, Anxiety As Rivers Debt Stock Stands At N225b

According to the Debt Management Office of Nigeria, Rivers State debt stock as at December 31 2018 stands at N225b. 

Addressing journalists recently at the Government House, Port Harcourt, Permanent Secretary, Ministry of Information, Paulinus Nsirim urged Nigerians to disregard the falsehood being peddled by those he described as ‘anti-Rivers political forces.’

Nsirim said, “This misinformation is another attempt by detractors to malign the integrity of the current administration in the state which has since its inception in May 2015, shown utmost frugality in the management of state resources”.

“This appears to be another orchestrated plan to de-market the state through unconfirmed statistics since other forms of negative propaganda had failed”, he noted.

Nsirim went on to say that the state government operates accounts with only Zenith and Access banks, noting that it (state government) had repaid all loans obtained.

“That the Federal Government’s intervention loans approved for every state of the federation has a repayment plan that is spread over many years. Rivers State government has not defaulted on the repayment plan”.

“That the Rivers state government under the visionary leadership of the governor will not be distracted by any form of yellow journalism, but will remain focused to fulfill the social contract with the people,” Nsirim said.

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