We Inherited Huge Debt Owed Contractors, Says Fubara

Governor of Rivers State, Sir Siminalayi Fubara has revealed that a huge debt burden was left behind for his administration to settle with several contractors who handled different projects for the immediate past administration.

Fubara made the revelation yesterday at Ebubu community, venue of the inauguration of the reconstructed 10.89-kilometre Aleto-Ogale-Ebubu-Eteo Road in Eleme local government area of the state.

The governor emphasised how baffling the debt owned the contractors amounted to, given the public impression created of a clean balance sheet maintained with contractors.

He said, “This is to let the world know that if there is one problem this administration has, it is the huge debt burden. Most of the projects that are being commissioned, the contractors are coming for their balance-payment and it is running into billions.

“I have said that I don’t want to talk. I don’t want to talk because I was part of that system. But, when you keep pushing me to talk, I will say it so that the people will know the true situation of things and be properly informed.”

Fubara expressed delight over the commencement of the celebration of his One Year in Office Anniversary with the inauguration of a road project in Eleme where he lived when he started off with his working life.

The governor stated that the road was awarded on August 14, 2023, to China Civil Engineering Construction Corporation (CCECC), at the cost of N6.7billion.
He said that completed project now serves as a proof that his administration is still focused on delivering development to the people despite the many troubles thrown at it.