NEWS
Abia Cuts Debt Profile by 60% as Governor Otti Highlights Fiscal Reforms and Governance Gains
The Executive Governor of Abia State, Dr. Alex Chioma Otti, OFR, has revealed that his administration has successfully reduced the state’s debt profile by about 60 per cent, bringing it down from ₦121 billion in 2023 to below ₦50 billion by the end of 2025, as part of ongoing fiscal reforms targeted at strengthening public finance management, accountability and governance in the state.
Governor Otti made the disclosure on Friday during the May edition of the monthly media parley, “Governor Otti Speaks to Abians,” where he reviewed major milestones and achievements recorded by his administration as it marks three years in office.
The governor explained that the reduction in the debt burden reflects the administration’s deliberate commitment to transparency, prudent financial management and responsible governance focused on the welfare and development of the people of Abia State.
According to him, the reforms introduced by his government over the last three years have continued to yield positive results across critical sectors, especially in the areas of fiscal sustainability, accountability and efficient public resource management.
He noted that Abia State has witnessed remarkable improvements in performance indicators tied to transparency and governance, adding that the administration remains focused on building a financially stable and economically viable state capable of meeting the needs of its citizens without unnecessary borrowing.
Governor Otti further disclosed that the administration’s disciplined approach to governance and fiscal management has continued to attract commendations and positive ratings from independent organisations that monitor governance standards and public accountability across the country.
“We have been able to reduce our debt profile significantly, by about 60 per cent from about 121 billion in 2023 to less than 50 billion at the end of 2025″.
“The BudgIT State of States report moved Abia from No. 17 two years ago in 2023 to No. 4 last year in 2025 and we believe it will continue to do well.
“These are independent rankings. It just gives you an idea of how the government is being run”, he added.
The governor reaffirmed his administration’s determination to sustain reforms that would continue to improve governance standards, strengthen public confidence and position Abia State for long-term economic growth and development.