*I sincerely appreciate Mr. President, Asiwaju Bola Ahmed Tinubu for his commitment to supporting Abia State infrastructure but I must ask Otti, why more loans? Why is Otti pushing Abia deeper into debt at a time when such borrowing is reckless and unnecessary ?
*I am deeply concerned that despite receiving significantly increased monthly allocations reportedly averaging about N38 billion monthly, even without a single iconic project present anywhere in Abia State, Otti still went ahead to obtain a staggering external loan with interest of about N231.8 billion for the repainting of projects executed by previous governors, which is exactedly what he is known for, ever since he became Governor. Under him, Abia’s 17 Local Government Areas are moribund, despite each receiving over N350 million monthly.
*Following the removal of fuel subsidy, FAAC inflows to states quadrupled, with many state governors,( excluding the Abia Governor and a few others), performing wonders in their respective states, ranging from improving workers and pensioners welfare to massive monumental infrastructural turnarounds, to improved health care delivery, to youth and women development and empowerment.
*While other South-East Governors are massively turning around the infrastructure stock of their states with monumental projects leveraging subsidy removal policy which has triggered unprecedented rise in their revenue, Otti, instead of prudently managing his own like his brother Governors, has woefully failed to judiciously utilise, account for and physically translate the over N1 trillion, his government has already received in federal allocations into gigantic projects. Rather, Otti is accumulating more debt for Abia’s unborn children.
*Shockingly, the Q2 2025 Abia State Budget Performance Report confirmed that Otti’s government had already added N75 billion in external debt to Abia’s burden, with nothing to physically show for it anywhere in the state, yet, Otti still went ahead to obtain a staggering N231.8 billion foreign loan, which has ballooned Abia’s current total debt burden to N306 billion. “Chineke mere Abia Ebere”.
*No sane Abian would trust Otti with more funds, when his government has serious credibility and accountability deficit issues with no clear breakdown of how past funds were used or where N6.5 billion recreational facility, N54 billion claimed in 2024 purportedly for renovation of public schools, N10 billion on capacity building, N7 billion on research and development, N10 billion on ICT infrastructure, N4.5 billion on Agricultural hybrid seedlings etc can be physically verified or seen in Abia State.
*Surreptitiously, the real tragedy of Otti’s government is that cost of contracts in Abia remain the most overpriced in the country, with no open competitive bidding, due process, or transparency.
*The question discerning Abians are asking is why should Otti go to borrow more money for projects which ordinarily would have been fully funded from existing revenue basket?
*Sincerely, Abia does not need more loans but requires financial discipline, accountability, transparency, and prudent financial management.
*I ask again, if not for gross mismanagement, overinflating of contract sums and fiscal recklessness, why would Otti be borrowing when revenues have quadrupled, even as he has been unable to account for the over one trillion naira already received in revenue under two years and counting?
*Keeping it honest.
@ORACLE.
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