NewStats: 3,264,993 , 8,185,282 topics. Date: Friday, 13 June 2025 at 05:32 AM z56p

Abia State Governor, Dr. Alex Otti has described his istration as financially enlightened, noting that it is not interested in jumping at any loan that comes its way.


https://www.youtube.com/watch?v=aUsiS8NN7mI

The governor in an interaction with journalists in Umuahia said the state has been receiving offers for loan from commercial banks within but has not drawn on any of them.

He further revealed that the state has approval for loans from Islamic Development Bank to the tune of $125m.

Additionally, the governor said the African Development Bank (AfDB) has approved another loan for the state, stating that their documentation will be signed and later accessed by the state.

He denied allegation by opposition that the state has secured N145bn loan, saying there is no truth in such allegation.

He called on the "authors of this garbage" to apologize for deceiving Abians

Abia State Governor, Dr. Alex Otti has described his istration as financially enlightened, noting that it is not interested in jumping at any loan that comes its way.

The governor in an interaction with journalists in Umuahia said the state has been receiving offers for loan from commercial banks within but has not drawn on any of them.

He further revealed that the state has approval for loans from Islamic Development Bank to the tune of $125m.

Additionally, the governor said the African Development Bank (AfDB) has approved another loan for the state, stating that their documentation will be signed and later accessed by the state.

He denied allegation by opposition that the state has secured N145bn loan, saying there is no truth in such allegation.

Source: https://abntv.com.ng/news/video-were-financially-enlightened-govt-not-jumping-at-any-loan-gov-otti/

A renowned banker

And yet no any single development in the whole Abia state

Good luck

Las las, them go take am.

kennyz247:
Goodluck Jonathan

Smile , you are on camera.

That evil opposition party called pdp that wasted 24 years of ndi Abia should please allow Gov Otti to focus on what he is doing in the state.

coming from a Nigerian governor.
Maybe there's hope. a pinch

hybrid77:



This one with low IQ. politics has damaged ur ability to reason ans see sense in anything good.

I dont otti by the way. But as for u, u are as good as useless to any conversation regarding nigeria because u are baised, tribalistic and naive.

I unliked his comment when I noticed it was him.
Even when he says the truth he does so from a tribalistic mindset.
Terrible person he is!

yarimo:
And yet no any single development in the whole Abia state

Are you a graduate ? Or you just want to derail every thread that hits front page ?
You should invest this energy in developing yourself

G

I for say, collecting money or loan from an Islamic bank. Its not a welcomed ideal.

yarimo:
And yet no any single development in the whole Abia state

What do you expect from yorubaza moslem

That’s how it’s supposed to be.

There are loans everywhere but a wise man will avoid jumping at these loans.

PDP do not have the authority of saying anything about Abia even if Alex is not doing well. They don't have that luxury to say anything. Wicked lots called PDP.

Nna, by the time Alex Otti is done with Abia, other states will be coming for tourism in Abia.

Once again, I am now proud to be called "that Abia man"

Where is Okezie Ikpeazu sef?

kaludestiny10:
That evil opposition party called pdp that wasted 24 years of ndi Abia should please allow Gov Otti to focus on what he is doing in the state.

Not surprised this is coming from a Kalu.
U guys REFUSED to see or ACKNOWLEDGE any good thing done by Okezie Ikpeazu's istration all because he's an Ngwa man but here you are ing your own even when he keeps borrowing and increasing Abia debt profile.

Tinubu should go and take lessons from Alex.
Not just promising heaven and earth but doing anything.

The most unfortunate part is Tinubu is untrustworthy

The Islamic Development Bank loans, with the profit/loss returns as opposed to the interest rate is the best option.

My only concern is why is Otti getting loan approval from a bank of "terrorists" and not Israel or IMF?

Isn't that an islamization agenda?

Good one

God bless, God own man.
God bless, God own state.

yarimo:
And yet no any single development in the whole Abia state

Grow up

Otulented:
I for say, collecting money or loan from an Islamic bank. Its not a welcomed ideal.

Cultivate the habit of reading 1st ….before opening your empty skull to type nansense

Just a warm friendly advice

yarimo:
And yet no any single development in the whole Abia state

A failed stipend paid agbado munching nincooompooop, not surprised to see a senseless vile comment from this moniker as usual

yarimo:
And yet no any single development in the whole Abia state

animal on uniform

Please teach Tinubu

Ok

Smart Governor

Interest-Free Loans: Islamic bank loans do not involve the payment or charging of interest. Instead, Islamic banks provide financing through profit-sharing arrangements or by purchasing and then reselling assets to the borrower at a markup.

Prof Charles Soludo yet to collect any loan,...I was thinking you intend doing same , especially with all the noise of accusing APC government of taking many loans

Though I don't his comment but dis your comment is as senseless as is his

Davicl:


What do you expect from yorubaza moslem