Gov Okpebholo Shrinks Edo’s Debt, Expands Development Through Prudent Financial Management
By Fred Itua In a political and economic landscape where debt accumulation has become a norm, Governor Monday Okpebholo of Edo State is quietly scripting a new narrative; one anchored on prudence, discipline, and purposeful leadership. His administration is redefining what is possible when integrity meets strategy in governance. The Debt Management Office (DMO) recent release, shows that Edo State’s domestic debt has dropped significantly from ₦113 billion in December 2024 to ₦80 billion by June 2025, while foreign debt has reduced from $383 million to $337 million. This rare achievement did not come through new loans, bailouts, or federal interventions; it came through careful management, transparent spending, and strategic prioritization. In less than a year in office, Governor Okpebholo has demonstrated that progress does not depend on reckless borrowing, but on sound economic thinking and disciplined governance. The governor’s stewardship has shifted the state’s fiscal trajectory f...
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