Aides to Delta State government, Osasai Ovie Success has reply leader of Concerned Nigerian, Deji Adeyanju over petition to halt Delta State government plan to spend ₦150 Billions loans.
Osasai siad:
Dear Adeyanju Deji , The N150bn is not a loan.
You are being misled by the opposition party APC in Delta State with the little token paid to you .
You should have asked before circulating falsehood, writing petition or accepting that payment paid to you.
It’s unfortunate that you have shown ignorance toward this N150bn bridging finance which is not a loan.
Let me enlighten you.
The N150 billion that you are currently protesting against is meant for the benefit of Deltans and it’s not a loan.
The N150bn bridging finance has no relationship with the politics of 2023.
N150bn has been tied to projects embarked upon by the administration of Governor Ifeanyi Okowa and his predecessor.
The N150bn bridging finance facility was not was not a loan but a discounting receivables from the Federal Government for Petroleum Subsidy payments made without recourse to the 13% derivation due to oil producing states from 2010 to date.
The funds totalling N270.6billion ought to have been received a long time ago but because the Federal Government could not pay the whole money in bulk, it became reasonable and logical that the oil producing states enter into an agreement for some part of it to be paid within 3 years and the other part within 5years.
As at today, we have Orere bridge, Ode-Itsekiri Bridges and roads, Koka flyover and interchange, Bridge across River Ethiope at Obiaruku, the Ughelli-Asaba Road, Flood control in Effurun and Warri, Owa-Alero drainage channels and projects being executed in the three new universities are part of the projects which some part of the N150bn bridging finance facility will be use for.
To further reduce the past pension obligations, from the facility, the state government will be spending N20 billion for state pensions outstanding of past dues and N10billion to the Bureau of Local Governments as grant to enable them also reduce whatever outstanding payments to local government pensioners.
As at when the governor came into office in 2015, the total pension past dues was N35billion and we have been trying to reduce that outstanding dues.
The state government approved that N300m monthly should be paid as past pension outstanding and just recently it was increased to N500million monthly.
Talking about the debt profile of the stare .
Governor Okowa being a prudent governor has reduced the debt profile of the state from N151billion to N72billion.
My name is Ossai Ovie Success
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