The All Progressives Congress (APC) Transition Committee in Edo State has recommended a thorough investigation into the state’s alarming N410 billion local and foreign debts. This revelation came to light on Monday when the committee, chaired by Dr. Pius Odubu, presented its report to governor-elect Senator Monday Okpebholo, who is set to be inaugurated as the state’s fifth democratically elected governor on Tuesday.
According to Dr. Odubu, the committee discovered that the state’s debt has skyrocketed from N55 billion in 2016 to over N500 billion today ¹. The committee has advised the incoming governor to cancel recent employment contracts, investigate the ownership of key assets like the Ossiomo power plant and Radisson Blu Hotel, and review Memoranda of Understanding (MoU) for Central and Stella Obasanjo hospitals.
The committee’s recommendations aim to address the state’s financial woes and ensure transparency in governance. With the inauguration of the new governor just around the corner, all eyes are on Senator Okpebholo to implement these reforms and steer Edo State towards a brighter financial future.
