Edo govt not burdened with inherited debts—Obaseki

GOVERNOR Godwin Obaseki of Edo State has denied reports that his administration was being bugged down by huge inherited debts.
A statement, yesterday, by his Special Adviser, Media and Communication Strategy, Crusoe Osagie said the reports were false and should be regarded as fake news and mere fabrication with no basis.

According to Osagie, “Edo State Government, under the leadership of Governor Obaseki, is not hindered by debt obligations.
“All our projects are being undertaken as planned and the terms of our facilities from the World Bank and the Federal Government are liberal with repayment period of over 20 years.
“As Chairman of the Economic Team under former governor, Adams Oshiomhole, Governor Obaseki negotiated most of these concessionary loans from International Development Agencies, IDAs. Thankfully, we have road and other infrastructure to show for these facilities across the state today. 
“Peoples Democratic Party, PDP, which ruled the state for close to a decade, ran the state aground, as Edo infrastructure were decaying at the time the Oshiomhole-led interven-tionist administration took over power.”