Rivers State Is Broke, It’s A Lie -Govt

PM News

23 May 2011

Rivers State Is Broke, It’s A Lie -Govt

The treasury of the Rivers State government is without a dime, the Action Congress of Nigeria (ACN) has said in Port Harcourt.

Party spokesman in Rivers State, Jerry Needam regretted that, despite media hype that the state government saves one billion naira every month, which should account for over N40 billion in the state coffers, its treasury is as empty as a leaking wallet.

Needam accused the Rotimi Amaechi administration of spending Rivers State dry while pretending to be building a robust and healthy economy.

He wondered why Governor Amaechi would again be shopping for N250 billion in bonds from external creditors if Rivers State is as buoyant as the PDP administration has been trying to make everyone believe.