Author : Okereke Kate
In a major economic milestone, Abia State has emerged as a national pacesetter in fiscal responsibility, slashing its domestic debt by a staggering 57% within just 12 months under the leadership of Governor Alex Otti.
The commendable achievement has drawn accolades from several quarters, including the Senior Special Assistant to the Governor on Due Process, Dr Oluebube Chukwu, who praised the Governor’s commitment to prudent financial management.
Speaking with newsmen in Umuahia, Dr. Chukwu described the development as a cheering news for Abians and the entire nation, noting that Abia’s performance has positioned it as a beacon of hope in Nigeria’s drive toward economic recovery and sustainability.
According to Chukwu, Abia is now leading the National Debt Cure, with the slash of Abia's debt rate, commending the bold and visionary leadership of Governor Alex Otti. "This is not just a win for the state but a clear signal to the rest of the country that with the right policies, discipline and political will, we can fix our finances,” Chukwu stated.
He emphasized that the debt reduction is a result of strict due process reforms, elimination of wasteful spending and the Governor’s insistence on transparency and accountability in the use of public funds.
Dr. Chukwu further noted that the state government’s strategic financial approach has not only reduced debt but also opened room for more meaningful investment in critical sectors such as education, healthcare, infrastructure, and job creation.
The 57% drop in domestic debt, as reported by the Debt Management Office (DMO), is among the highest recorded by any state within a fiscal year and underscores the Otti administration’s pledge to restore financial discipline and public trust in governance.
"Abia’s progress could serve as a template for other states battling with mounting debt burdens", Chukwu said.
He further added that the fiscal turnaround will translate into improved service delivery and long-term economic growth.
oluebubechukwu.com
