Osun Debt Profile Stands At N407.32bn - Gov Adeleke

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The new governor of Osun State, Ademola Adeleke, has revealed that his administration inherited a total debt profile of N407.32bn as at November 30, 2022,

The governor noted that a large chunk of Bridge Finance Facility of N18.04 billion was taken after July 16, 2022 election which Governor Adegboyega Oyetola lost.

“Not one kobo of this loan was left in Government Coffers, when the Deputy Governor and I resumed work on Monday 29th November 2022. And no explanation on how the loan was expended.“If the N76 billion debt on salaries and pension are added, the state is indebted to the tune of N407.32 Billion. The amount owed contractors is yet to be determined.

“Governor Oyetola must explain how the N18 Billion Bridge Loan taken after he lost the election on July 16, 2022, was expended.

 

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While tolerating the King,we cover our head with basket to garner courage&reprimand the king,of course,let's use our votes for Peter Obi to Reprimand all the corrupted Leaders, teach them lessons,give them a technical knock out. We can't keep tolerating them. Vote for Peter Obi

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