Ned Nwoko Challenges Gov Oborevwori on Delta's N40bn Monthly Allocation [VIDEO]

Ned Nwoko Probes Delta's N40bn Monthly Allocation

“I have had my issues with him, and I will tell him here.” 

Delta State's N40bn Monthly Allocation Under Fire: Senator Ned Nwoko Questions Gov Oborevwori's Debt Repayment Claims

Senator Prince Ned Nwoko, representing Delta North, has expressed concerns about the significant monthly federal allocation to Delta State, specifically questioning Governor Sheriff Oborevwori's management and utilization of these funds. Essentially, Nwoko wants transparency on how the substantial financial resources are being allocated and spent.

Delta State received the largest allocation of N102.8 billion in the second quarter, followed by Akwa Ibom and Rivers states. However, the state's net allocation of N96.03 billion remained the highest after deductions for debt repayment. This raises questions about the efficiency of fund utilization, considering the state's significant revenue.

In fact, research suggests that states with higher federal revenue allocation and internally generated revenue (IGR) tend to lead in development. For instance, Lagos, Rivers, and Akwa Ibom have made greater impacts on citizens' lives compared to rent-dependent states like Jigawa and Imo.

Key Concerns:

Transparency: How are the funds being utilized?

Accountability: What projects and initiatives are being prioritized?

Development Impact: Are the allocations translating to meaningful development in Delta State?

Speaking recently, Nwoko noted, “Delta State receives more money than any other state, with an average of about N40 billion per month over the last 3 to 5 months. In fact, what Delta State gets is equivalent to the combined allocations for Anambra, Imo, Enugu, Abia, and Ebonyi states.”

Delta State gets about N40 billion a month. In fact, what Delta State gets is the aggregate of what Anambra, Imo, Enugu, Abia, and Ebonyi states get cumulatively. I've asked the governor what he's doing with the money, and he said that he is paying back Okowa's debt. -Ned Nwoko pic.twitter.com/6pJM1f6cxf

— Kiu tv (@KizyUzoma) October 30, 2024

Senator Ned Nwoko recently shed light on Delta State's financial management, revealing Governor Sheriff Oborevwori's claim that the substantial funds are earmarked for settling debts incurred by his predecessor, Dr. Ifeanyi Okowa. “The governor says he's using this money to pay back what Okowa borrowed,” Nwoko quoted.

Addressing Governor Oborevwori directly, Nwoko hinted at past disagreements, stating, “I have had my issues with him, and I will tell him here.” This exchange underscores growing concerns over Delta State's financial priorities and allocation amid significant revenue.

Senator Ned Nwoko is pushing for transparency and accountability in Delta State's financial management to guarantee that the substantial federal allocation benefits the citizens and boosts the state's development. By addressing these concerns, he seeks to unlock the potential of Delta State's significant revenue and prioritize the well-being of its people.

As a senator representing Delta North, Nwoko has already made significant contributions to Nigeria's economic progress, notably through his efforts in securing the London and Paris Club Loans refund. His commitment to philanthropy and education is also evident through the Prince Ned Nwoko Foundation, which empowers youths and supports various initiatives. With his experience and dedication, Nwoko is well-positioned to drive positive change in Delta State's financial management and ensure that its resources are utilized effectively.