Governor Alex Otti of Abia State has revealed the government’s intentions to secure loans to execute the 2024 Budget. He disclosed during a discussion with journalists in Umuahia, the state capital, on Monday.
Otti mentioned that the Islamic Development Bank has already approved $125 million for the state, with additional funds sanctioned by the African Development Bank.
“We have received offers of loans from commercial banks, but we have not drawn on any of them,” Otti stated. He emphasized the government’s cautious approach, expressing the intention to draw loans only when necessary and ensure repayment when liquidity is available.
Regarding wage increases, Otti assured state employees that the administration remains committed to fulfilling its promise, with a committee already in place to address the matter. He also mentioned plans to resolve pension issues by the end of the month.
The governor highlighted the state’s infrastructure initiatives, emphasizing extensive road rehabilitation, improvements in the health system, and the rehabilitation of schools. He noted that 170 primary schools and 51 secondary schools have been earmarked for rehabilitation to meet the “Abia Standard” and ensure competitiveness in the 21st century.
In the education sector, Otti stressed the importance of providing relevant education, including internet access, renewable energy, and digital skills, to make Abia students globally competitive. He underscored the government’s commitment to training teachers and leveraging support from multilateral agencies to enhance the quality of education.
Addressing healthcare delivery, Otti pledged continued efforts to improve services. He also outlined initiatives aimed at ensuring food security, stating that the government is working tirelessly to cultivate all lands in Abia during the planting season.
