Wednesday, February 1, 2023
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HomeNewsAyade's Govt has never borrowed any money since inception

Ayade’s Govt has never borrowed any money since inception

The government of Prof. Ben Ayade has debunked allegations being circulated on social media claiming that the government has thrown the state into an indebtedness to the tune of N177bn.

The government which described the allegation as false and very mischievous, said the fake news was being circulated through bulk SMS by one Eyo O.Ekpo contesting for Governorship under the SDP, to poison people’s mind against the Governor Ayade in the 2019 election

The government said It is important that Cross Riverians should be wary of characters like Eyo who think their route to power is to peddle lies and falsehood against the good works of the digital governor.

It affirmed that the government of Prof Ben Ayade has not borrowed a dime since its inception in power .

“It is important for the public to know that Cross River state receives the lowest federal allocation from the federal government. In spite of that, the government of Prof Ben Ayade has embarked on massive industrialization projects in the state there are many ongoing road construction and repairs across the state, the government stated.

The government further added that, Ayade has never borrowed a dime since getting into office but has successfully been paying salaries, pension and gratuities regularly to the state civil servants and retirees.

The government noted that the debt of the state was incurred by past administration which made it impossible for Ayade to borrow, stressed that Cross River, Osun and Zamfara were declared insolvent before Ayade came into office.

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