Despite Not Borrowing, I Left N14bn In Osun, Paid N97bn Inherited Debt – Oyetola

November 28, 2022
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Osun State Governor, Gboyega Oyetola has revealed that he is leaving N14 billion in the state’s coffers despite not borrowing any money to finance the state’s economy.

Despite Not Borrowing, I Left N14bn In Osun, Paid N97bn Inherited Debt - Oyetola

Oyetola Issues Farewell Message To Osun People

The governor also revealed that his government had successfully paid N97 billion from the total debt inherited in 2018 when he assumed office.

Oyetola made the disclosures in his farewell statement issued by his spokesperson, Ismaila Omipidan, to the people of Osun, indicating the expiration of his first term in office.

“We are leaving behind a cash balance of more than N14 billion. In addition to the N14 billion cash, another N8 billion is expected between December and January 2023 from our performance in States Fiscal Transparency, Accountability and Sustainability programme (SFTAS) and from Internally Generated Revenue (IGR),” he said.

“For four years, we did not take any bank loan. We benefitted from the N3 billion monthly interventions by the federal government to all the states for six months to cushion the effect of deductions from the budget support facility, and salary bailouts taken by the previous administration.”

The former governor said his administration put the state’s economy on a firm footing, through its people-centred and masses-focused projects.

“As I step aside today following the conclusion of the four-year tenure you freely gave me, I thank God and I thank the people of Osun for your support, cooperation and prayers over the years,” he said.

“I recall how the journey began four years ago; how by your belief in me and your conviction in the plans and programmes of our party, the All Peoples Congress (APC), you exercised your right to vote for me.

“As we draw the curtains on this first tenure, we are convinced that we neither reneged on our promise nor disappointed you. We kept faith with you and maintained fidelity with our electoral promises,’’ Oyetola stated.

KanyiDaily recalls that Gboyega Oyetola, who was defeated by Ademola Adeleke in the July 16 election in Osun, is currently challenging the outcome of the poll at the state’s election petition tribunal.

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