THE QUESTION TO BE ANSWERED.... CAN DR WILLIE BE ABLE TO STEP INTO THE SHOES OF GOV OBI

 

 

Gov Obi is leaving behind a Whooping sum of N75Billion Naira in the hands of the incoming governor, Dr Willie Obiano, who is to be inaugurated today. Governor Peter Obi said his administration has N75Billion Naira in savings for Anambra State. The Governor who announced this during a public presentation of his End of  Tenure Report at the Women Development Centre, Awka said that the money included N25Billion Naira investment for the state. In a further break-down of the savings, Obi said that the expected bank balances as at march 14th 2014 would be N11.5 Billion ; federal Government of Nigeria approved refund is N10 Billion; Foreign Currency Investment of (US$155m) N26 Billion.

Obi also gave account of the investment the State made in some projects being executed, some of which are N3.5 billion in INTAFACT, N9B in Nigeria independent Power Project; N4Billion in Orient Petroleum Resources PLC, N1B in Onitsha Hotel ; N1B in Agulu Lake Hotel;

N0.9Billion in Awka Shopping Mall, N350M in Quoted investment portfolio, among others.

The Governor explained that his administration received about N620 Billion and N20 billion naira from FederalAllocation and interventions from Donor agencies and Development partners. He noted that in spite of the State’s low revenue profile, his government completed over 801 Kms of roads that gave access to all parts of the State and opened up rural areas. He noted that collaboration with the

Church transformed and repositioned the education and Health sector to meet the needs of the people.

According to the Governor, through strategic planning, prudent and transparent management of resources, as well as reduction in the cost of governance, his administration achieved integrated and comprehensive development in all sectors without borrowing or owing anybody. The question is, what is the way forward to sustain what his Excellency, Mr. Peter Obi  started . Will Dr willie Obiano invest the money left by his predecessor in the things that will benefit the masses or squander it, as it is been done by many.