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… To Complete Payment of N120bn Sylva Bond in June
By David Owei, Yenagoa
The Bayelsa State commissioner for Information, Mr. Daniel Iworiso-Markson, has said that the state is the least indebted among the states of the South South geopolitical zone.
He said that the state’s debt profile as released by the Debt Management Office was moderate because of the frugality and judicious management of state resources on the part of the state governor, Hon Henry Seriake Dickson.
The commissioner said that the government inherited a bond of N120 billion from the Chief Timipre Sylva administration at inception in 2012 and would complete repayment in June.
Iworiso-Markson noted that the governor should be commended for keeping the debt status of the state low in spite of the various big ticket projects in the critical sectors that were successfully executed in the state.
He recalled that the state government recently completed the Bayelsa International Cargo/Passenger Airport at a cost of N65 billion, aside from the multi-billion projects in education, health, agriculture and other sectors.
The commissioner said that Sylva and members of the APC who had been making false claims about the debt profile of the state had a responsibility to tell Bayelsans what they did with the N120 billion loan burden they foisted on the state.
He lamented that the money was frittered away as no visible project was tied to it.
He said, “It is worthy of note that the Bayelsa still remains the least indebted state in the whole of the South South. This is in spite of the massive projection execution that has taken place since 2012 when the Restoration Government took over.
“The debt status of the state is modest because of the prudent and judicious management of state resources by the governor in spite of the several completed development projects in the state.
“By this month, we will finish paying Chief Timipre Sylva’s bonds which is about N120 billion which of course, he didn’t use for anything.
“When such people make claims, they should be reminded that they have a duty to tell Bayelsans what they did with N120 billion they foisted on the state,” he said.
