You Can Devalue The Naira, But Can You Devalue The Truth? – By Pastor Prof Chukwuemeka Ifegwu Eke
YOU CAN DEVALUE THE NAIRA, BUT CAN YOU DEVALUE THE TRUTH? THE ABIA DEBT DEBATE Sunday, November 1, 2026 I have seen the latest attempt to challenge the debt-reduction figures disclosed by His Excellency, Dr. Alex Chioma Otti, OFR, Governor of Abia State. The argument being circulated is that the Governor's announcement of substantial debt repayments must be false because the combined naira value of the state's domestic and external obligations has increased. I reject that reasoning. My position is straightforward: an increase in the naira valuation of outstanding debt is not, by itself, evidence that an equivalent amount of…
