In an era where subnational debts spiral across Nigeria, Delta State is rewriting the fiscal playbook under Governor Sheriff Oborevwori. Through an aggressive debt reduction strategy and a commitment to transparent governance, the state has emerged as a national model for financial prudence and sustainable economic management. Official data from the Debt Management Office (DMO) reveals that Delta State’s debt profile has plummeted from a peak of N465 billion to N199.575 billion, marking the largest debt reduction among Nigeria’s 36 states. This translates to a repayment of N265.425 billion, leaving only 42.79 percent of the original debt outstanding. Such a feat underscores the governor’s commitment to fiscal discipline without compromising the state’s developmental agenda. Governor Oborevwori’s administration, which assumed office on May 29, 2023, inherited a substantial debt burden of N465 billion. By March 2024, the DMO confirmed this figure. Within a few months, by July 2024, the S...
On a rainy morning in Warri and surrounding communities, Delta State Governor, Rt. Hon. Sheriff Oborevwori, embarked on a thorough inspection tour of key infrastructure projects spanning several local government areas. This strategic initiative reflects his unwavering commitment to transformative governance under the MORE Agenda, in alignment with President Bola Ahmed Tinubu’s Renewed Hope Agenda for inclusive growth and sustainable development. The governor’s inspection covered the landmark Trans Warri/Ode Itsekiri Road in Warri South LGA; the 612-metre Ayakoromor Bridge and its 3km approach road at Egbo-Ide/Ayakoromor in Ughelli South and Burutu LGAs; the vital 5.7km Olomoro-Igbide Road in Isoko South LGA; and Sector C1 of the ambitious Ughelli-Asaba Expressway. Each project underscores his administration’s resolve to bridge infrastructural gaps and enhance statewide connectivity. At the Trans Warri/Ode Itsekiri Road, executed by Setraco Nig. Ltd.— Governor Oborevwori expressed satis...