Lokpobiri Challenges Dickson On Bayelsa’s Debt Burden

'Dotun Akintomide
Writer

Ad

BREAKING! Alleged $7.2bn Fraud: EFCC Quizzes Ex-NNPCL Boss, Mele Kyari

By Abiola Olawale The immediate past Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has reportedly been grilled on Wednesday by the Economic and Financial Crimes Commission (EFCC) over allegations of multi-billion-dollar fraud. Reports emerging on Wednesday revealed that Kyari voluntarily appeared before the EFCC to answer questions…

NNPC Boss, Kyari Supports Subsidy Removal Say FG Owes His Company N2.8tn

Akpabio vs. Natasha: Ezekwesili accuses Senate is leading a misadventure to destroy Democracy, rule of law in Nigeria

By Abiola Olawale In a scathing open letter released on Wednesday, a former Nigerian Minister of Education and renowned public policy advocate, Dr. Obiageli Ezekwesili, has accused the Nigerian Senate, led by President of the Senate, Senator Godswill Akpabio, of alleged constitutional violations. Ezekwesili claimed that the Senate allegedly assaulted democratic principles by refusing to…

Arise IIP raises $700m in Africa infrastructure deal, welcomes Saudi Vision Invest as shareholder

By Obinna Uballa Arise Integrated Industrial Platforms (Arise IIP), a pan-African developer and operator of industrial zones, has secured $700 million in fresh capital, marking one of the largest private infrastructure transactions in Africa. The deal, announced Wednesday in Dubai, sees Saudi Arabia’s Vision Invest join as a new shareholder alongside founding investors such as…

Ad

 

By Augustine Osayande

Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri has challenged the governor to explain what and how he expended the N800 billion (domestic)and $216 million (external) loans his administration has incurred since coming into office in 2012 and the over N1.2 trillion that accrued to the state from the federation account for the same period, as well the billions of naira for the local government areas of the state from the federal allocations and billions of naira from the internally generated revenue from the State.

The minister in a statement signed by his Media Aide George Oji expressed shock and disappointment that Governor Seriake Dickson of Bayelsa State is denying that the state is indebted to the tune of N800 billion.

The governor in a recent response through his Special Adviser on Public Affairs, while denying the authenticity of the figures by the minister admitted that the state is only indebted to the tune of N123 billion. “The official figure today is not more than N123 billion. We wonder where he gets his N800 billion any time he wants to criticise the government,” the governor said in his response.

The minister added that the governor tactically maintained deliberate silence on foreign debts and the other trillions of naira accruals to the state. “For the avoidance of doubt, the honourable minister insists that the state is indebted to the tune of N800 billion (domestic) and $216 million (external)” Lokpobiri said.

He accused Dickson of borrowed a whopping N222 billion (domestic) and $28 million (external) in 2012 alone and threatened to publicly disclose all the amounts the governor has been borrowing every year from 2012 till date. He describes as tissue of lies, the figure of N123 billion being bandied by the governor as the amount the state government is presently owing and urged His Excellency to refrain from peddling falsehood about the financial status of Bayelsa State.

According to the Minister, the actual loan profile of Bayelsa State can readily be gleaned from the Debt Management Office (DMO), the official federal government outfit, which domiciles all the loans for all the levels of government in the country, which is open for the public to access on the website of DMO.

The Honourable Minister who questioned the impact of the huge debts and accruals on the lives and wellbeing of the people of the state draws a nexus between massive corruption and wastes by the governor and the astronomical rise of insecurity in the state. He insists as usual that, the reason why Bayelsa State ranks very high as one of the most insecure states in the country is because of the pervading corruption and wastes that has become the hallmark of the Dickson administration.

The minister maintains that had the governor deployed the loans and the other financial accruals to the state to positive, wealth-creation and developmental projects, the social problems bedevilling the state today would have been minimally addressed and the issue of insecurity would also have been nearly non-existent.

The Honourable Minister advises the governor to settle in and face the onerous task of providing leadership and good governance, which is statutory obligation he owes the people of Bayelsa State.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp