Governor Ben Ayade of Cross River State has received the report of the Debt Review and Project Development Commission which he set up in 2020 to study the state’s debt profile and also look at development projects for the state.
He told the commission headed by Chief Chris Agara that the report contains details of projects, project completion, value for money analysis and other information he needs to be able to roll out the 30-year development plan.
While receiving the report at the Conference Hall of the Governor’s Office in Calabar, Ayade maintained that its contents would help guide the next governor on the tenor of his administration.
He said the report outlined Cross River’s debt profile, projects and their completion among other items spanning two decades.
“This report is intended to guide us in making decisions going forward and not intended to witch hunt anybody or any group of persons.
“It is not our intention to look backwards but to learn from the past and develop a future that is stable and strong.”
According to Ayade “by virtue of this report, whoever is the incoming governor would not have to go to the primary data in kickstarting his administration as I did.”
“You have done a great job of taking a full surgical perspective and overview and a detailed crystallization of the entire debt profile of our state.”
Speaking, Agara said, the opportunity to work on the Commission opened their eyes to know what the issues of the state are. “It has made us understand the enormous debt burden.”