Abia State Governor, Alex Otti, has paid ₦90 billion of the ₦191 billion inherited debt without borrowing. His administration focuses on infrastructural development, job creation, and attracting foreign investments. Under his leadership, Abia has become an investment hub, moving from 27th to 3rd in foreign direct investment.
In a recent media parley, Abia State Governor, Alex Otti, revealed that his administration has successfully paid ₦90 billion of the ₦191 billion debt inherited from the previous government without borrowing from any institution.
Otti emphasized the prudent management of state resources to ensure the payment of salaries, pensions, and the completion of infrastructural projects. Since assuming office in May 2023, Otti has focused on stabilizing the state's finances while prioritizing development, including roads and agriculture. Notably, Abia State has also experienced a significant rise in foreign direct investment, moving from the 27th to 3rd position in the country.
Governor Otti credited this success to creating a conducive investment environment. His administration has also been active in improving infrastructure with ongoing road rehabilitation projects and initiatives like the Greater Ohafia Development Commission, aimed at ensuring balanced development across the state.
Otti’s policies have gained attention for positioning Abia as an increasingly investor-friendly state, making strides in securing the financial future of its citizens and state resources.
