Leonard Uguru, affirmed that Governor Francis Nwifuru has not borrowed from either internal or foreign creditors since he assumed office on May 29, 2023. Uguru was reacting to the publication of the Debt Management Office, DMO, which reported that the Ebonyi State Government under Nwifuru , among other 16 states, had borrowed $125.1 million from the World Bank and International Monetary Fund. Ebonyi State, according to the report, has accumulated an external debt of $37.54 million.
' He further stated: 'Among the South East states, Ebonyi is still the least in both domestic and foreign debt. Even though we have a trace of debt, which is the 150 million dollar loan from Africa Development Bank and Islamic Bank inherited from the past administration in the reconstruction of Ring Road, which is what made the loan increase, it is worth it as the road cuts across various local government areas of the state.
IMF Nwifuru World Bank
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