Delta reduces inherited debt by N400bn, targets 2027 clearance

By Egufe Yafugborhi
ASABA — The Delta State Government says it has reduced the state’s inherited debt from N463 billion to N63 billion and is targeting full repayment of the outstanding balance by the first quarter of 2027.

The Commissioner for Economic Planning, Mr Sonny Ekedayen, disclosed this at the 2026 budget stakeholders’ engagement held in Asaba on Friday.

Ekedayen attributed the reported N400 billion reduction to what he described as the Oborevwori administration’s prudent financial management and responsible use of public resources.

He said: “We have been able to reduce our legacy debt from N463 billion to N63 billion. We are also working towards clearing the outst...