ASABA — Delta State Governor, Sheriff Oborevwori, on Monday declared that his administration has not borrowed any money from commercial banks despite undertaking massive infrastructure projects across the state, stressing that the government has no intention of taking bank loans.
The governor made the statement while speaking at the Delta State Economic and Investment Summit 2026 held in Asaba, the state capital.
According to Oborevwori, his administration has continued to execute critical infrastructure projects across Delta State without resorting to bank borrowing, a development he said reflects prudent financial management and responsible governance.
“Despite the huge investment in improving public infrastructure, we have not borrowed a kobo from any bank, and we do not intend to borrow,” the governor said.
As part of efforts to attract private capital and accelerate economic development, Oborevwori also launched a US$100 million Viability Gap Fund, describing it as a strategic initiative designed to unlock key investments, strengthen investor confidence and drive sustainable economic growth in the state.
He said the fund would help bridge financing gaps for strategic projects, making them more attractive to private investors while positioning Delta State as a preferred investment destination.
The governor reaffirmed his administration’s commitment to creating an enabling environment for businesses and investors through sound economic policies, infrastructure development and fiscal discipline.
