I left N14 billion behind — Oyetola

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By Nasir Isa

The outgoing Governor of Osun State, Gboyega Oyetola has said  he is leaving N14 billion in the state’s coffers despite not taking a loan during the term of his tenure.

Oyetola while disclosing this in his farewell message on Sunday, said his administration did not borrow any money to finance the state’s economy, adding that he paid N97 billion of the debt inherited in 2018 when he assumed 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.

“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.

Ademola Adeleke of the Peoples Democratic Party (PDP) defeated Oyetola of the All Progressives Congress on July 16. (APC). The PDP received 403, 371 votes, while the APC received 375,027 votes.

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