Friday , 20 April 2018
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Obi leaves N75bn in coffers; Iweala, Dangote, Achebe, others eulogise him
Outgoing Governor of Anambra State Peter Obi

Obi leaves N75bn in coffers; Iweala, Dangote, Achebe, others eulogise him

Governor Peter Obi of Anambra State yesterday presented his end of tenure report to the people of Anambra State, saying his administration has N75 billion in savings for the state. He said one year was an impeachment year and therefore not part of his accountability year.Speaking at the Women Development Centre, Awka, venue of the event attended by members of the Federal Government economic team led by the richest African billionaire Aliko Dangote , Chief Emeka Anyaoku, among others, Obi said the money included N25 billion investment for the state.

Obi broke down the savings by informing that expected bank balances as at March 14 would be N11.5 billion; federal government approved refund is N10 billion; foreign currency investment of (US$155m) N26 billion.

He gave account of the investment the state made in some projects being executed, some of which are N3.5 billion in INTAFACT, N9b in Nigeria independent Power Project; N4 billion in Orient Petroleum Resources PLC, N1b in Onitsha Hotel ; N1b in Agulu Lake Hotel; N0.9billion in Awka Shopping Mall, N350m in Quoted investment portfolio, among others.

The Governor explained further that his administration received about N620 billion and N20 billion from Federal Allocation and interventions from donor agencies and development partners. He noted that in spite the state’s low revenue profile, his government completed over 801 Kms of roads that gave access to all parts of the State and opened up rural areas. He noted that collaboration with the Church transformed and repositioned the education and Health sector to meet the needs of the people.

The Governor elect, Chief Willie Obiano in his speech assured that his administration would build on the foundation laid by Obi and sustain his interventions in schools and hospitals as well as attract people in Diaspora and other investors to set up businesses in the State.

Former Secretary General of the Commonwealth, Chief Emeka Anyoku said the occasion was a celebration of success in governance that brought recognizable transformation in all sectors through indisputable prudent and judicious use of public resources.

The coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo- Iweala said she was proud of the governor and his achievements.

She recalled that unlike other politicians, Obi completed projects initiated by his predecessors, attracted viable foreign direct investments, encouraged and empowered indigenous investors and industrialists to grow and expand.

Also Dangote said Governor Obi had earned the respect and admiration of Nigerians and noted that no state had saved so much money and made such investments in addition to mass infrastructural development achieved by Governor Obi.

Other notable Anambra people like Obi of Onitsha, Alfred Achebe and Dr. Dozie Ikedife said that Obi had indeed rescued the State.

[The Nation]

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