Showing posts with label Obi Claims He Left 75 Billion Naira in Anambra Treasury. Show all posts
Showing posts with label Obi Claims He Left 75 Billion Naira in Anambra Treasury. Show all posts

Tuesday, November 17, 2015

75 Billion Naira Peter Obi Left In Anambra: Need For Public, Televised Debate

By Valentine Obienyem
Governments borrow money whenever there is need. Mr. Peter Obi did not borrow; because he felt Anambra State needed to be stabilized first and he did it completely. If well managed, the money saved for the State in foreign currency would go a long way in sustaining the development of the State.















*Obi
Now, his predecessor, Gov Willie Obiano, thinks differently. He plans to undertake massive borrowing, and as far as I know, Mr. Obi has not, and is not attempting to stop him. Does Obi even have the capacity to do so? Rather than fulfil their heart's desires, they must first of all tell lies about the money Obi left in the treasury after his tenure as governor. They are even trying desperately to hang the cross of debt on him. Too bad!
For clarity sake, on coming to office, Obi spent his first year to complete all the contracts awarded by his predecessors. In some cases, he had to start from scratch. Obi, for example, paid over 35 billion in arrears of pension and gratuity.
Though they inflated the figures, but the point to note is that the debt they are talking about in their press conference is contract sum on projects yet to be executed. What an absurd reasoning! How can somebody, for example, say you owe 10 Naira you will use to build a house you have just conceived? This is incestuous reasoning!
As a matter of fact, during his inauguration, Gov. Obiano listed many projects he would undertake, some of which are, an airport project, three power stations, among others. He started three flyovers at the initial cost of 5 Billion Naira that was later varied to 15 Billion Naira. They diverted the money meant for the road, from Amansea to Amawbia roundabout, which Obi started, to his three flyovers. The contractor doing those flyovers is owed over 7 Billion Naira. He also started the construction of three roads to the airport simultaneously. Are these are not enough reasons to convince Anambra people on the need to borrow rather than bring Mr. Peter Obi into it?
Before Chief Willie became Governor, Obi designed the road from Umueje to Oil rig with a 100 meter bridge at the cost of 9 Billion, but characteristic of him, Willie added two other roads, including the one from Aguleri with two bridges at the cost of over 20 Billion Naira. The only major road he awarded in Anambra Central is Oba-Umuoji (Stauphanet Chapel)at the cost of 3.7 Billion Naira; in the North, Ezira-Umuomaku-Enugu-Umuonyia-Achina road (Arab Contractors) at the cost of 4.7 Billion. He did not pay mobilisation in any of the roads.