Abia Listed Among States With Increased Domestic Debt of Over $4.96M, Low Generated IGR | #NwokeukwuMascot

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Abia Listed Among States With Significant Domestic Debt Increase, Faces Criticism Over IGR Performance | #NwokeukwuMascot

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In a recent analysis of debt profiles and Internally Generated Revenue (IGR) for Nigerian states, Abia State was highlighted for its concerning domestic and external debt trends under Governor Alex Otti’s administration. Between June 2023 and June 2024, Abia’s external debt increased by $4.96 million, with domestic debt rising by ₦34.9 billion, far outstripping its 2023 IGR of ₦23.7 billion.




In stark contrast, neighboring Enugu State, under Governor Peter Mbah, recorded a significant reduction in external debt, slashing it by $39.8 million within the same period. Governor Mbah also achieved a remarkable feat by boosting Enugu’s IGR from ₦37 billion to ₦144 billion—a staggering 286% increase.



Critics have called for greater accountability from Governor Otti, questioning the economic direction of his administration. “Governance is not by mere rhetoric. Otti must present concrete evidence of his achievements,” a political analyst remarked. Many worry that if the current pace continues, Abia State risks significant economic setbacks, potentially erasing years of progress.





As concerns mount, stakeholders are urging the Abia government to prioritize fiscal responsibility and improve revenue generation strategies to avert further economic challenges.


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