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    I took no bank loan, left N14bn – Oyetola

    A former Governor of Osun State, Adegboyega Oyetola, has said his administration left behind N14bn cash in the state coffers.

    Oyetola also said between 2018 and the time of his exit, his administration paid a sum of N97bn from the debt inherited, adding that his government did not take any bank loan.

    In a farewell message by Oyetola as contained in a statement made available by his Chief Press Secretary, Ismail Omipidan, on Sunday, he further disclosed that his administration put Osun’s economy on a better footing through people-centred projects.

    The statement, quoting Oyetola further read in part, “For four years, we did not take any bank loan facility. But we benefitted from the N3bn monthly intervention from the Federal Government to all the states for six months to cushion the effect of deductions of budget support facility and salary bailout accessed by the previous administration, just as we have paid N97bn from the total debt we inherited in 2018.

    “We are leaving behind cash of over N14bn. In addition to the N14bn cash, another N8bn is being expected between December and January from our performance in SFTAS and the IGR.

    “Also, another $72m will come to the state soon from Ramp 3, NG-Cares, Nigeria for Women Project and Ease of Doing Business. These are earned, based on performance. And we have indeed performed to earn them.”

     

    Latest Posts

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    Terrorists on Sunday night kidnapped 87 people after launching a fresh attack on the Kajuru-Station community in Kajuru Local Government Area of Kaduna State. A...

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    Members of the Senior Staff Association of Nigerian Universities and the Non-Academic Staff Union have begun a nationwide strike today (Monday) over alleged unfair...

    Fire guts Sokoto central market

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