Anambra’s N109b Debt Handover – By Ifeanyichukwu Afuba
https://247ureports.com/2020/04/anambras-n109b-debt-handover-by-ifeanyichukwu-afuba/
-
The scary debt profile was made up of different sources. It included money owed contractors on completed projects; CBN loans; rightful benefits denied some public servants and counterpart fund obligations. Another major plank of the inherited debt was transition phase contractual commitments.

Just months into its tenure, the Obiano administration began to cough out funds for repayment of the inherited debts. In November 2014, it made available N2b to liquidate the arrears of salaries owed workers of the State Water Corporation and those of the defunct Anambra State Sanitation, Environment & Protection Agency. On Thursday, June 8, 2017 Governor Willie Obiano graciously brought to an end similar misfortune faced by two state – owned media institutions. Subsequently, the State Govt committed N1b to clearing liability of retirees of National Light newspaper and benefits of former staff of Anambra Broadcasting Service. The over – a – decade liabilities significantly accumulated in the eight year reign of Mr Peter Obi.