In a bid to promote fiscal responsibility and financial stability, Governor Alex Otti of Abia State has revealed that his administration has implemented stringent measures to reduce the cost of governance to the barest minimum.
The Governor made this announcement during his monthly media interactive session at the Government House, Umuahia, on Sunday.
Governor Otti emphasized the importance of prudent financial management and stressed that the funds saved from curtailing frivolous expenditures from past administrations had enabled his government to meet its obligations, including timely payment of salaries and pensions, and the initiation of key developmental projects across the state.
“We have been able to save substantial funds from the Federation Account Allocation Committee (FAAC) by discontinuing unnecessary expenses, such as payments to ‘stakeholders’,” Governor Otti declared. “In the new Abia, if you wish to access public funds, it will be essential to contribute to the state’s development and earn money through legitimate means.”
The Governor further explained that his administration was committed to financial reengineering, with a focus on ensuring that the state’s resources are managed by skilled professionals to yield the best possible results.
This approach is aimed at optimizing the allocation and utilization of state funds, resulting in improved public services and infrastructure development.
Governor Otti’s reassurance that the people of Abia State’s finances are in safe hands underscores his administration’s commitment to financial transparency, accountability, and responsible governance.
This move by the Abia State Government aligns with broader efforts in Nigeria to promote fiscal discipline and ensure the efficient allocation of resources for public good. The Governor’s dedication to cutting down governance costs serves as an example of responsible leadership in the country, demonstrating the commitment to utilizing public funds wisely for the betterment of the state and its citizens.