Connect with us

Hi, what are you looking for?

Politics

I Left N14 billion In Osun Coffers — Oyetola

Oyetola Osun

Former governor of Osun State, South West Nigeria, Gboyega Oyetola says he is leaving N14 billion in the state’s coffers despite not taking a loan during the term of his tenure.

Gatekeepers News reports that Oyetola said this in a farewell statement issued by his Spokesperson, Ismail Omipidan.

Oyetola said his administration paid N97 billion of the debt inherited in 2018 when he assumed office.

He said his administration did not borrow any money to finance the state’s economy, adding that he is leaving behind cash of over N14 billion.

“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.

“We paid N97 billion from the total debt we inherited in 2018,’’ he stated.

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.

Despite the swearing-in of Adeleke as the governor of the state on Sunday, Oyetola is challenging the electoral victory of the former senator at the tribunal.

You May Also Like

Politics

Ondo State Governor, Southwest Nigeria, Rotimi Akeredolu, has hailed the judgment of the Osun State Election Petition Tribunal sitting in Osogbo, which declared Gboyega...

Politics

Osun State Governorship Election Petition Tribunal sitting in Osogbo has sacked Governor Ademola Adeleke as the duly elected governor of the state. Gatekeepers News...

Politics

Osun State Governor, Southwest Nigeria, Ademola Adeleke has narrated how he was “cheated” in the governorship election of 2018. Gatekeepers News reports that Adeleke...

Politics

Former Governor of Osun State, Southwest Nigeria, Gboyega Oyetola was on Tuesday welcomed back to the state by members of the All Progressives Congress...