Edo State governor, Comrade Adams Oshiomhole says the state government is not indebted to any financial institution, contrary to insinuations from certain quarters.
The governor made the clarification yesterday when he received in audience National Executives of the National Association of Edo State Students who were in Government House to present a â€œRole Modelâ€ award to him.
According to the governor, â€œWe inherited a debt of N10 billion, of which N5 billion was an overdraft and the other N5 billion in contracts allegedly awarded but not paid for. As we speak, all the credits we took last year, we have enough to liquidate them. Edo State is not indebted to any financial institution. As every wise manager of a business or drivers of change in an environment that is dynamic, we made arrangements with financial institutions such that if there is a major shock, that shock cannot affect the projects that we have started.â€
He reaffirmed that the government is accountable and transparent, saying, â€œwe are stewards of the people and have the obligation to inform them of governmentâ€™s activities and actions.â€