Abia State Governor Otti Clarifies N1.5 Billion Error for Two Hilux Vehicles, Emphasizes Accountability and Transparency in Governance

Upon reviewing the report, it became evident that an error had occurred – either in the units or the price. I promptly contacted the Commissioner for Budget and Planning, instructing a thorough investigation. The commissioner confirmed that the issue stemmed from an Excel error, neither in units nor price.

In statistical and accounting terms, there is the materiality concept, emphasizing the significance of a number in influencing outcomes. When considering N1.5 billion against a N487 billion budget, it accounts for merely 0.3%, less than half a percent of the total figure. In the grand scheme, this error would not have been materially impactful even if it had extended to the total.

It is crucial to acknowledge that information from the government must be accurate. While this was an oversight, it has been rectified. I appreciate those who flagged the error, highlighting the importance of vigilance and accountability in governance.

I encourage citizens to stay vigilant, as governments are accountable to the people in a democracy. It’s worth noting that the mere inclusion of an item in the budget does not mandate its full expenditure. In my administration, budgeted amounts must still undergo scrutiny for approval.

There’s no cause for alarm. The overall figures are accurate, and the corrected amount for the two Hilux vans is N150 million, not N1.5 billion. Each unit costs N75 million, resulting in the correct total.”