"There can't be any other reason for these incessant loans by an outgoing governor than to punish the incoming administration and the state in particular," he said.
"Whether the loans have short or long term repayment conditions is immaterial at this point. Any society that lives on loans has no future and can never develop its own potentials. The PDP regretted that the latest loan of
In a statement on Tuesday, the River Sate commissioner of Information and Communications, Ibim Semenitari, said the loan which is meant to "overhaul and rejuvenate" the state's water sector was originally passed by the
She explained that government re-introduced the water scheme in the 2014 budget, by this time the Federal Government had signed off on the scheme but since the project was re-introduced in a different fiscal year, the
"But true to type, Obuah's PDP, uncaring of the truth and in what has become its masterful display of ignorance and blind mischief has announced that the Rivers State Government is taking a fresh loan and that this is for the 2015 elections," said Ms. Semenitari.
She said the state government has a history of being debt-free and its finances have been given a pass mark by both local and international debt rating agencies.
"Unfortunately, unlike the PDP, the Rivers State government is focused on ensuring governance and service-delivery to its people until its last day. Again much unlike most of the PDP controlled states, Rivers State has remained one of the least indebted states in the country.
Its financials have been reported as strong not only by international rating agencies, but also by the Federal Government agency responsible for monitoring states indebtedness, the Debt Management Office (DMO).
"Whenever the DMO releases debt figures, Rivers State remains unmentioned (in blue) where the PDP states who earn the same and in some cases more than Rivers State are in Crimson red, owing debts that will hang on the head of successive governments up to the 4th and 5th generations." Mrs Semenitari said.
The spokesperson said that instead of
"It is not news any longer that the PDP has led the nation's economy on a downward spiral because of its lack of prudence and irresponsible stewardship of its resources. Nigerians are still waiting for the report of the probe into the
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