Abia State Governor, Alex Otti, has announced plans by the state government to secure loans for the implementation of the 2024 Budget. He revealed that the Islamic Development Bank has already approved $125 million for the state, with the African Development Bank also granting funds.
Speaking to journalists in Umuahia, Otti stated, “Two days ago, the Islamic Development Bank approved the sum of $125m for us under AB Seed, as well as the African Development Bank, AfDB. All is yet to be drawn until after perfection. We have received offers of loan from commercial banks, but we have not drawn on any of them. We do not want to draw loans until we need them and will repay when we have liquidity, and we will pay later.”
Regarding wage awards or salary increases, Otti assured workers that his administration had not withdrawn its promise on that, noting that there is already a committee in place to address the matter. He also mentioned plans to resolve pension issues by the end of the month.
On infrastructure, Otti emphasized the state's commitment to road rehabilitation, improving the health system, and enhancing the education system. He stated that 170 primary schools and 51 secondary schools have been earmarked for rehabilitation, aiming to fully renovate all schools by the end of the year.
Furthermore, Otti highlighted the importance of training teachers to impart relevant 21st-century skills to students, including internet proficiency, renewable energy knowledge, and digital technology literacy. He emphasized the state government's commitment to providing the right training for teachers to ensure the quality of education in Abia.
