In a released statement issued on Monday by his chief press secretary,
Daniel Iworiso-Markson, the governor said he assumed office in February
2012 inheriting a massive debt profile of N332 billion.
He said: “Through prudent management and commitment to the ethos
of good governance, that debt today stands at N90 billion. Out of the
N440 billion that government received as allocation from the Federation
Account, about N242 billion was used to help pay down that debt even as
it embarked on an unprecedented level of infrastructural development and
socio-economic welfare schemes.
“This is why the Bayelsa State government considers as very
uncharitable the statement attributed to APC Chairman Chief John
Odigie-Oyegun that the government has nothing to show for that
allocation from the centre.
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