Alex Otti, the governor of Abia State, recently announced that his administration has successfully paid off 90 billion naira of the 191 billion naira debt inherited from previous administrations without resorting to borrowing.
Otti highlighted this as a testament to his fiscal responsibility and commitment to reducing the state’s debt burden. He emphasized the importance of prudent financial management and avoiding excessive borrowing, which aligns with his administration’s goal of achieving sustainable development.
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