I inherited N225.279bn debt from past Administration – Fubar

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In a detailed address at the Dr. Obi Wali International Conference Centre in Port Harcourt, Governor Siminalayi Fubara of Rivers State reflected on his administration’s tumultuous first year. Despite inheriting significant challenges, including a substantial debt of approximately N225.29 billion from the previous administration and encountering a severe political crisis shortly after taking office, Governor Fubara presented a resilient front.

His administration was thrust into a financial and political tempest that tested its resolve from the onset. The inherited debts were distributed across 34 incomplete projects spanning 13 local government areas, reflective of a state in dire need of strategic fiscal management and governance.

Undeterred by the hurdles, Governor Fubara's administration has not only navigated these challenges but has also made commendable strides in enhancing the state’s economic standing. A notable achievement in his first year is the impressive increase in internally generated revenue (IGR), which surged by over 90% monthly. This boost is a direct result of the proactive measures taken by the administration, including the establishment of an IGR/Investment Advisory Committee chaired by Governor Fubara himself.

This committee has been pivotal in implementing liberalized economic policies that have bolstered investor confidence, attracting both local and international investments and thereby expanding the economic horizon of Rivers State.

On the infrastructure front, the Governor announced the awarding of nine new road projects, valued at N534.332 billion. These projects are not just investments in infrastructure but are also seen as vital to stimulating economic growth and enhancing the quality of life for the residents.

Governor Fubara's commitment to transparency and accountability was evident as he took the stage to recount the achievements and challenges of his tenure so far. He emphasized the importance of a government that is responsive and responsible, highlighting that the security and well-being of the people remain paramount.

As Rivers State moves forward, the focus remains on the core priorities outlined in his administration’s blueprint—economic growth, infrastructure development, healthcare enhancement, educational advancement, and agricultural revitalization. With these targeted areas, Governor Fubara aims to build a resilient and progressive state that not only addresses the immediate needs of its people but also lays a strong foundation for future generations.

In sum, Governor Fubara's one-year stewardship marks a period of tested resilience and promising progress, setting a hopeful trajectory for the continued development of Rivers State.

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