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Anambra State Commissioner for Information, Dr. Law Mefor, has said the administration of Governor Chukwuma Soludo is still servicing eight separate loans taken by the administration of former Governor Peter Obi.
Mefor stated this while appearing on Arise TV on Friday, where he addressed the debt burden and financial obligations inherited by the current administration.
According to him, the fact that a loan is sovereign or otherwise does not change the responsibility attached to it, stressing that Anambra State’s FAAC allocation is deducted monthly to service the eight loans.
“A loan is a loan, whether sovereign or not. Anambra State’s FAAC allocation is deducted every month to service the eight separate loans taken by the Peter Obi administration,” Mefor said.
He also noted that Governor Soludo recently opted out of Nigeria’s CARES loan from the World Bank, arguing that the former governor had the opportunity to either take the facility or decline it.
“Peter Obi had the opportunity to either take it or not — and if you take a loan, you take responsibility for it,” he said.
Mefor further argued that the $123 million debt should not be dismissed as insignificant, saying the amount has implications for the financial status of Anambra State.
“To dismiss $123 million as a non-issue, without recognising that such an amount counts against the financial status of Anambra State, is not right,” he added.
