By Chidi Nkwopara
OWERRIâ€”The Imo State Government has denied rumours that itÂ Â is bankrupt.
The Special Adviser to the State Governor on Revenue Generation, Mobilization and Account Monitoring, Deacon Kerian Onwuzuruike, said this in Owerri.
Speaking to Vanguard , he said â€œcontrary to speculations making the rounds in and outside the state, Imo State is not financially broke or bankrupt. There are no parameters on ground to show that the state is bankrupt. The story making the rounds is the figment of the minds of those peddling it.â€
He was of the view that shortage of funds to execute or complete governmentâ€™s major projects remains a reflection of the current global economic down-turn, adding that the economic down-turn alsoÂ affected the economically viable and advanced nations of the world.
While accepting that government had lately become very aggressive on tax collection, Onwuzuruike, however, said that it should not be read to mean that Imo State government is financially bankrupt.
â€œIt is sad to note that those who are habitual tax defaulters are constantly criticizing and making incessant demands on government. They endlessly call for the provision of amenities and developmental projectsâ€, he said.