The outgoing Governor of Edo State, Godwin Obaseki says the State government indebtedness for projects and other obligations are almost N27 billion, which his successor, Senator Monday Okpebholo is expected to grapple with when he is sworn into office on November 12.
Obaseki dropped the hint during the inauguration at the PDP Secretariat on Friday in Benin City where he alleged that the incoming administration has gone to borrow money for its inauguration, which he claim would gulp N2 to N5 billion.
According to him, “We have almost N27 billion to pay for projects and obligations, but they have started blowing it, and they have gone to borrow money for the inauguration, which is going to cost them N2 to N5 billion. That is the money they will first take from the treasury”.
Leave a Reply