{"id":5671,"date":"2026-11-01T13:45:46","date_gmt":"2026-11-01T13:45:46","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/01\/delta-reduces-inherited-debt-by-n400bn-targets-2027-clearance\/"},"modified":"2026-11-01T13:45:46","modified_gmt":"2026-11-01T13:45:46","slug":"delta-reduces-inherited-debt-by-n400bn-targets-2027-clearance","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/01\/delta-reduces-inherited-debt-by-n400bn-targets-2027-clearance\/","title":{"rendered":"Delta reduces inherited debt by N400bn, targets 2027 clearance"},"content":{"rendered":"<div><img loading=\"lazy\" width=\"819\" height=\"1024\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/11\/Delta-reduces-inherited-debt-by-N400bn-targets-2027-clearance.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"There appears to be an unusual calm in the fold of the APC across the South-South zone, following the alleged imposition of candidates by governors\" decoding=\"async\"><\/p>\n<p class=\"wp-block-paragraph\">By Egufe Yafugborhi<\/p>\n<p class=\"wp-block-paragraph\">ASABA \u2014 The Delta State Government says it has reduced the state\u2019s inherited debt from N463 billion to N63 billion and is targeting full repayment of the outstanding balance by the first quarter of 2027.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">The Commissioner for Economic Planning, Mr Sonny Ekedayen, disclosed this at the 2026 budget stakeholders\u2019 engagement held in Asaba on Friday.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">Ekedayen attributed the reported N400 billion reduction to what he described as the Oborevwori administration\u2019s prudent financial management and responsible use of public resources.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">He said: \u201cWe have been able to reduce our legacy debt from N463 billion to N63 billion. We are also working towards clearing the outstanding balance by the first quarter of 2027.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">\u201cThis achievement reflects the commitment of this administration to prudent financial management and responsible utilisation of public resources.\u201d<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">The commissioner said the state government would prioritise roads and other critical infrastructure in the proposed 2027 budget, citing their importance to economic growth and improved access to communities.<\/p>\n<p class=\"wp-block-paragraph\">He said the state\u2019s expenditure structure currently allocated about 70 per cent to capital projects and 30 per cent to recurrent expenditure, adding that the government intended to sustain the emphasis on capital development in the next budget.<\/p>\n<p class=\"wp-block-paragraph\">The Asagba of Asaba, Prof. Epiphany Azinge, called for greater citizens\u2019 participation in the budget preparation process, while commending the state government for its reported budget performance.<\/p>\n<p class=\"wp-block-paragraph\">Azinge said residents and other stakeholders should be given opportunities to contribute to decisions on projects and programmes that directly affect their communities.<\/p>\n<p class=\"wp-block-paragraph\">Meanwhile, civil society organisations at the engagement welcomed plans by the Delta State House of Assembly to introduce legislation regulating housing issues.<\/p>\n<p class=\"wp-block-paragraph\">They said appropriate legislation would help address challenges in the housing sector and provide a framework for improved regulation.<\/p>\n<p>The post <a href=\"https:\/\/www.vanguardngr.com\/2026\/11\/delta-reduces-inherited-debt-by-n400bn-targets-2027-clearance\/\">Delta reduces inherited debt by N400bn, targets 2027 clearance<\/a> appeared first on <a href=\"https:\/\/www.vanguardngr.com\/\">Vanguard News<\/a>.<\/p>\n<\/div>\n<p>Source: <\/p>\n<div class=\"nSourse\">Vanguard News<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Egufe Yafugborhi ASABA \u2014 The Delta State Government says it has reduced the state\u2019s inherited debt from N463 billion to N63 billion and is targeting full repayment of the&hellip; <\/p>\n","protected":false},"author":1,"featured_media":5672,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-5671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/5671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=5671"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/5671\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/5672"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=5671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=5671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=5671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}