Edo doesn't owe banks a Kobo - Obaseki[email][/email]
Contrary to claims being made by the People’s Democratic Party (PDP) that the All Progressives Congress (APC) ran Edo state into debt, the latter’s governorship candidate, Mr Godwin Obaseki has clarified that the state is not owing any bank and that its negligible outstanding loans are not different from what other states have.
The PDP governorship campaign had focused on Obaseki’s role as the Chairman of the Edo State Economic Management Team in criticizing the state’s loan exposure even as it overlooked the reforms that were successfully implemented under the watch of the APC candidate.
Obaseki clarified the loans taken by the state as he declared they can be paid off within the shortest time especially with the increased Internally Generated Revenue (IGR).
He stressed that “Edo is not one of the most indebted states in this country. If you go to the website of the Debt Management Office and check the loans of states, Edo’s total loans outstanding is less than 50 billion naira.
“Our total tax every year is about 24 billion naira. In fact this year, our total revenues from IGR alone is about 25 billion naira. So even if we didn’t do anything, two years of our IGR will pay off our total debts outstanding. Today. So when people talk about debt I imagine where are they coming from? The interesting thing is that we are not owing a bank one dime.
“The type of debt we have is a type of debt states and governments should have. These are long dated debts. By next year we’ll finish paying the first bond we took. The rest we’ve taken from multilateral agencies like the World Bank facilities, which is almost like a dash, a grant with 10 to 20 years moratorium and less than 2% interest.
“So we don’t have that debt burden. We’ve thought about it very carefully and we have demonstrated to lenders that we are responsible borrowers. And that is why we’ve gotten the short of term loan we now have,” Obaseki stated.

These days obaseki don they talk for press, like oshiomhole eyes don begin open. On that day of election i have a feeling that APC would withdraw for the race

really?
are they owing ghosts?

Nigeria external debt rises as states debt profile is scary
The external debt profile of states has shown that Lagos State has the highest with a profile of $1.087 billion, followed by Kaduna State with a total of $234 million. Cross River State followed closely with an external debt profile of $131.469 million. Other states with relatively large external debt are Edo $123 million, Ogun $109 million, Bauchi $87million, Enugu $62 million, Katsina $78 million, Osun $67 million and Oyo State $72 million.
http://www.businessnewsreport.com.ng/nigeria-external-debt-rises-as-states-debt-profile-is-scary/

According to recent figures released by the Debt Management Office, Lagos has the worst external debt profile out of Nigeria’s 36 states.

1. Lagos State - $1.087 billion

2. Kaduna State - $234 million

3. Cross River State - $131.469 million

4. Edo - $123 million

5. Ogun - $109 million

6. Bauchi - $87million

7. Katsina - $78 million

The Federal Government’s domestic debt on the other hand stood at $47.05 billion or N7.9 trillion, while those of the states stood at $10.97 billion or N1.708 trillion. Federal Government’s domestic debt is made up of N4.792 trillion bonds, N2.815 trillion Treasury bills and N296.2 billion treasury bonds.
http://www.metronaija.com/2015/08/the-7-nigerian-states-with-worst-debt.html

https://www.nairaland.com/2544296/7-nigerian-states-worst-debt


attached is the domestic debt profile.... lalasticlala pls do justice

Then who is the state owing? The state was denied access to foreign loan by the former minister of finance because of the state dept profile. Please Oga Aspirant, fear God and Speak the truth always.

lie mohaa...

you mean on top the cv wey dis man get, he can still talk like this?
who the state com owe ooo? maybe you list them all, then we check if there is no bank there.