The Delta State Government has firmly stated that it has not borrowed any funds since Governor Sheriff Oborevwori assumed office on May 29, 2023.
This clarification was made by the State Commissioner for Finance, Chief Fidelis Tilije, during a press briefing in Asaba on
He debunked claims from an online news outlet alleging that the state government had entered into borrowing agreements with financial institutions.
Chief Tilije emphasized, “Delta State has not engaged in any borrowing arrangement—whether with individuals, corporations, banks, or local, national, or international organizations—since this administration took office.”
He further declared Delta State to be in a robust financial position. “In financial terms, Delta State stands as the strongest in Nigeria. I make this assertion confidently because I am fully aware of the state’s financial status. The administration has ensured financial stability without resorting to borrowing,” he said.
Tilije also highlighted the administration’s commitment to debt repayment and infrastructure development.
“We have made substantial payments for construction projects and diligently worked to reduce existing debts. Additionally, we have enhanced our relationships with contractors, offering between 30% to 40% in advance payments for major contracts. In the current dry season, we are considering increasing this to 70% to address inflationary trends,” he added.
The Commissioner underscored the government’s focus on prudent financial management, which he said has positioned Delta State as a leader in financial stability within Nigeria.