Abia Debt Management Office has assured that the state government would settle the balance of over N30bn of the N191.2 it inherited from previous administrations.
General manager of the office, Benson Nwigburu who spoke to LEADERSHIP Sunday placed the state first among others in reducing domestic debt.
He said, “The state government under the leadership of Governor Alex Otti is on course to fully become debt-free by the end of the last quarter of 2025.”
Nwigburu, who explained that the period under review covered March 2024 to March 2025, also said the administration had been transformative in reducing the debt.
The general manager listed beneficiaries of the repayment to include workers and pensioners who had been paid arrears of salaries and pensions, financial institutions and contractors.
Lauding Otti for making accountability his watchword, he added that the feat was not just an economic achievement but also a symbol of responsive governance and a legacy for generations to come.
The DMO report within the period under review showed that the state reduced the debt by 57.2 percent, thus making it the highest reduction across the country.
