Outgoing(Click to see Video) governor of Osun, Alhaji Gboyega Oyetola, says he left N14 billion in the (Click to see Video) state’s coffers for his successor, Sen. Ademola Adeleke who takes over from him today November 27.
In his farewell message released (Click to see Video) by his media aide, Ismaila Omipidan, Oyetola stated that his (Click to see Video) administration paid N97 Billion from the debt it inherited in 2018 when he assumed office.
He declared that his administration did not borrow any money from anywhere to finance the state’s economy, stressing that he kept the faith and maintained fidelity to his electoral promises throughout his tenure.
“We are leaving behind a cash balance of more than N14 billion. In addition to the N14 billion cash, another N8 billion is being expected between December and January 2023 from our performance in States Fiscal Transparency, Accountability and Sustainability programme (SFTAS) and from Internally Generated Revenue.
SFTAS is a government programme designed to advance fiscal transparency, accountability and sustainability of states of the federation. 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 of budget support facility and salary bailouts taken by the previous administration.
We paid N97 billion from the total debt we inherited in 2018'' he said