News Update: Governor Ododo Clears ₦98.8 Billion Debt in Just 15 Months

The News Reaching us is clearly shown what the Kogi State Governor is doing in the progress of the state apart form infrastructual Development and the regular payment of Civil Servant Salary.

Governor Ahmed Usman Ododo has made a major financial breakthrough for Kogi State, successfully clearing a massive ₦98.8 billion in debts inherited from past administrations—all within just 15 months in office. Here’s a breakdown of the debts that have now been fully paid off: * ₦5 billion (Series 1) and ₦3 billion (Series 2) bonds taken during Governor Idris Wada’s tenure for infrastructure projects. * ₦50.8 billion salary bailout from the previous administration. * ₦10 billion ECA-backed infrastructure loan. * ₦15 billion infrastructure loan from Zenith Bank. * ₦15 billion infrastructure loan from UBA PLC.

This remarkable achievement reflects the Ododo administration's commitment to fiscal responsibility and efficient governance. In recognition of this progress,Fitch Ratings has upgraded Kogi State’s credit rating from ‘B-’ to ‘B’, with a stable outlook, signaling improved investor confidence and financial health. As of September 30, 2024, the state's debt stands at ₦40.5 billion—a strong and sustainable position. Governor Ododo’s performance is being hailed as a model of responsible leadership and people-focused policy. #OdodoIsWorking #LeadershipByExample #PeopleOrientedPolicies #9jatalks