Governor Fubara Reveals Rivers State is in Significant Debt

In a recent revelation, Rivers State Governor Siminalayi Fubara disclosed that the state is burdened with a substantial debt inherited from the past administration of Nyesom Wike.

During the commissioning of the Aleto-Ogale-Ebubu-Eteo Road, also known as Old Bori Road in Eleme Local Government Area, Governor Fubara made this statement on Tuesday.

The ongoing power struggle between the governor and Nyesom Wike, who serves as the Minister of the Federal Capital Territory, has been a prevailing issue in the state’s political landscape.

Despite efforts by President Bola Tinubu to mediate, the rivalry between the two politicians persists.

Reflecting on his journey, Governor Fubara emphasized the significance of Eleme in his personal narrative and progression within the government.

He remarked, “My trajectory wouldn’t be the same without Eleme; starting here propelled me to Level 14.”

“This administration, and not solely myself, awarded the contract to CCECC on August 14, 2023. We intend to provide a White Paper detailing the project’s cost and history as we move forward,” he continued.

Fubara added, “The total cost of this project was N6.7 billion, which has been settled in full without outstanding payments to the contractor. Our primary challenge lies in the existing debts we’ve inherited.”

“Many projects initiated by the previous administration still require substantial payments, reaching into millions and billions. While I am hesitant to address this issue due to my involvement in that system, continuous pressure compels me to shed light on the situation,” he emphasized.

“We await their readiness to engage. Their pursuit of minor matters indicates a looming struggle when we tackle more significant undertakings,” Fubara expressed.

“The root of our complications stems from the mounting debts incurred by the past government,” he concluded.

The post Governor Fubara Reveals Rivers State is in Significant Debt appeared first on NewsNow Nigeria.

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