Cross River cuts domestic debt by N70bn, says Gov Otu

Cross River Governor Bassey Otu says his administration has cut the state's domestic debt by over N70 billion without new loans, lowering it from more than N204 billion to about N132.3 billion. He also reported that internally generated revenue rose from N21.1 billion in 2022 to N46.3 billion in 2024 as part of recovery efforts.

Pidgin: Cross River Governor Bassey Otu talk say im administration don cut di state domestic debt by over N70 billion without any new loan, from more than N204 billion come down to about N132.3 billion. Im also report say internally generated revenue don rise from N21.1 billion for 2022 go N46.3 billion for 2024 as part of recovery efforts.

How this affects you: Cross River State residents benefit from reduced debt burden and higher state revenue for public services.