30.1 C
Saturday, May 18, 2024

Fubara unveils debt burden inherited from Wike in Rivers State

Governor Fubara's revelation of significant project debts adds fuel to ongoing rift with former governor Wike, amidst plans for a comprehensive probe of past administration's affairs.

Must read

In a startling disclosure, Rivers State Governor, Siminalayi Fubara, revealed on Tuesday the weight of inherited debt from the previous administration led by Nyesom Wike, igniting fresh tensions in the longstanding feud between the current governor and his predecessor.

Fubara, a former state Accountant-General during Wike’s tenure, shed light on the financial strain imposed by outstanding payments owed to contractors who executed projects under the previous administration, amounting to billions of naira.

The revelation underscores the complexity of the relationship between the current and former governors, marking a contentious turn in their already strained dynamics.

Wike, who earned the moniker “Mr. Projects” for his extensive infrastructure initiatives, including the construction of 12 flyovers, now finds his legacy overshadowed by mounting debt claims and allegations of financial mismanagement.

Fubara’s disclosure comes amidst his administration’s plans to launch a comprehensive probe into the governance practices of the preceding eight years, signaling a heightened scrutiny of past decisions and expenditures.

Addressing the gathering during the inauguration of the reconstructed Aleto-Ogale-Ebubu-Eteo Road, Fubara lamented the financial burden inherited from the previous administration, highlighting the challenges faced in settling outstanding contractor payments.

The governor’s candid remarks shed light on the intricacies of governance transitions and the complexities of managing public finances, providing insights into the broader context of political transitions in Nigeria.

In a statement issued by his Chief Press Secretary, Fubara expressed astonishment at the magnitude of the debts, contrasting the public perception of a clean balance sheet with the harsh reality of outstanding liabilities.

Despite the financial challenges, Fubara expressed optimism about his administration’s ability to navigate these hurdles, citing the inauguration of infrastructure projects as a testament to their commitment to service delivery.

The reconstructed Aleto-Ogale-Ebubu-Eteo Road, completed within the first year of Fubara’s tenure, serves as a tangible symbol of progress and underscores the administration’s dedication to improving the state’s infrastructure.

Amidst the backdrop of political tensions and financial constraints, Fubara’s administration remains steadfast in its commitment to governance, navigating challenges with resilience and determination.

As the governor embarks on his probe of past governance practices, the revelations of inherited debts cast a spotlight on the complexities of political transitions and the enduring legacies of past administrations in Nigeria’s dynamic political landscape.

More articles


Please enter your comment!
Please enter your name here

Latest article