Alex Otti’s Bold Move: Paying Down Abia State’s N191 Billion Debt Without New Loans

 

Governor Alex Otti on Abia State’s Debt-Free Strategy

Imagine taking over a heavy, well-worn backpack and realizing it’s packed with overdue bills. That’s basically what Alex Otti, the Governor of Abia State, faced—a financial load of N191 billion in inherited debt. But here’s where things get interesting: Otti claims he’s already managed to pay back N90 billion of that debt, and he’s done it without borrowing a single naira.


When he stepped in, Abia’s financial outlook wasn’t exactly sunny. The state’s debt was a serious challenge, casting a long shadow over any plans for growth or development. But instead of adding to the debt pile (which would be easy enough to do), 

Otti’s approach seems focused on clearing the balance sheet—he’s aiming to dig the state out of this financial hole without just grabbing another loan. A lot of leaders might’ve taken the ‘quick fix’ approach, reaching for new loans to cover old ones. Otti, however, has chosen the hard way: cutting down costs, redirecting funds, and maximizing what the state has.


What does this mean for Abia’s people? Well, there’s cautious optimism that if this debt reduction continues, the state might finally have more breathing room for projects that directly impact people’s lives—like infrastructure improvements, healthcare, or better educational support. Of course, not everyone is convinced. 

Some are wondering if this debt repayment strategy can sustain itself without eventually needing outside help. The reality of Nigerian state finances is complex, and Otti’s no-borrowing rule might face challenges down the line, especially if unexpected costs pop up.


For now, though, the focus is on staying debt-free while rebuilding. Otti’s path is one to watch, not just for the fiscal health of Abia, but for what it could mean as a potential blueprint for other Nigerian states grappling with similar debt burdens.



Follow our Facebook page ( VibraVisionary ) for more stories and updates.