Civil society leader Comrade Olufemi Aduwo has asserted that state governments are constitutionally allowed to borrow, provided the funds are directed towards developmental projects. His comments come amidst rising debates over Rivers State’s debt under Governor Siminalayi Fubara.

Aduwo dismissed claims from an online publication alleging that Fubara had increased Rivers State’s debt from N5 billion to N213 billion in one year, calling it a gross misrepresentation of facts. According to records from the Debt Management Office (DMO), he clarified that Rivers State’s domestic debt stood at N389.20 billion as of June 2023, predating Fubara’s administration.

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Using Lagos State as a benchmark, Aduwo explained that borrowing, when paired with sound resource management and visible development, is justifiable. He highlighted that Fubara’s only loan so far, directed towards the Ring Road project, aims to improve infrastructure and stimulate economic growth. This loan is already being serviced, underscoring the governor’s fiscal responsibility.

Aduwo, who is affiliated with the United Nations and the World Bank, criticized media outlets for politicizing Rivers State’s debt situation. He urged journalists to seek accurate data from credible institutions like the DMO, Central Bank of Nigeria (CBN), and the African Development Bank (AfDB). He warned that sensationalism and unverified claims could mislead the public and erode journalistic integrity.

Speaking in Lagos on Monday, Aduwo condemned attempts to link Fubara with debts incurred before his tenure, labeling such narratives as dishonest distractions from crucial developmental issues. He called on the media to prioritize factual reporting free from political influence, ensuring that the people of Rivers State receive transparent and unbiased information.