The Bayelsa State Government boasted Tuesday that it remains the least indebted among the South South States, advising those bandying conflicting figures to check with the Debt Management Office .
The Commissioner claimed that the Government inherited a bond of N120 billion from the administration it took over from at inception in 2012 and would complete repayment in June. 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, Agricultural sectors.
“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.
Source: Loan Digest (loandigest.net)
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