
Abia Debt Controversy: When Exchange Rate Is Dressed Up As Scandal – By Prof Chukwuemeka Ifegwu Eke
ABIA DEBT CONTROVERSY: WHEN EXCHANGE RATE IS DRESSED UP AS SCANDAL Let us be honest: this argument is trying to mix debt repayment, external debt stock, exchange-rate depreciation, and gratuity arrears into one pot of confusion.The DMO figure does not support the claim that Abia State has been lying. It supports the fact that Abia’s domestic debt has crashed heavily under Governor Alex Otti.As at June 30, 2023, Abia’s domestic debt stood at ₦142.47 billion. By December 31, 2025, the same DMO placed Abia’s domestic debt at ₦48.41 billion. That is a reduction of about ₦94.06 billion in domestic debt.…









