We have not borrowed a dime since May 29, 2023 -Oborevwori

The Delta State Government has firmly denied recent reports suggesting that it is borrowing funds to finance its ongoing projects, asserting that no loans have been taken since the current administration took office in May 2023.

Fidelis Tilije, the state’s Commissioner for Finance, addressed the press on Friday, rejecting claims made by an online platform that Delta is among the top borrowers in the country. “I can categorically state, in any forum, that Delta State has not entered into any borrowing relationship whatsoever—whether local, national, or international,” Tilije declared.

Emphasizing the state’s strong financial standing, Tilije insisted that Delta is currently one of the strongest financial states in Nigeria, based on the current financial balances and efforts made under Governor Sheriff Oborevwori’s leadership.

“We have not borrowed a dime since May 29, 2023,” Tilije reiterated. “In fact, we have made substantial payments for ongoing constructions and have significantly reduced outstanding debts. We’re not only liquid, but solidly liquid, capable of managing the state’s affairs without relying on loans.”

The Commissioner also revealed a shift in the state’s approach to contracting, noting that the administration has been able to provide advanced payments to contractors, a move previously difficult under past leadership. “Now, we’re offering between 30% and 40% in advance payments for major contracts, and we’re even considering raising this to 70% during the dry season to ensure timely project completion,” Tilije added.

In support of the claims, Charles Aniagwu, the Commissioner for Works (Rural Roads) and Public Information, praised Governor Oborevwori for his transparency and integrity in managing the state’s resources. “We’ve embarked on a number of projects in the last 19 months, all funded from the state’s available resources,” Aniagwu said. “At no point have we sought loans or external funding.”

He further criticized the misleading reports, stating that the state’s finances are robust and its liquidity remains solid despite the ongoing inflationary pressures in Nigeria.