Adegboyega Oyetola, the outgoing governor of Osun State, has stated that his administration will leave a total of N14 billion in cash in the state’s coffers.
Oyetola also stated that between 2018 and the time of his departure, his administration paid N97 billion off the inherited debt, and that the administration did not seek any bank loans throughout his stint as governor.
In a parting message released by his Chief Press Secretary, Ismail Omipidan, on Sunday, Oyetola stated that his administration improved Osun’s economy through various people-centered and masses-focused programs executed to make life more enjoyable for the people of the state.
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According to him, Osun has been economically stable under his leadership, as seen by the state’s stratospheric increase in GDP since he took office.
He stated that Osun was more economically stable than when he met it in 2018, noting that despite all of the visible socioeconomic challenges confronting the state and their attendant effects, he was able to address the fears and evil of fiscal indiscipline and lack of implementation, which hampered projects and services in the nation’s public service.
The statement quoting Oyetola further read in part, “As I step aside today( Sunday) following the conclusion of the four-year tenure you freely gave me, I thank God and I thank you for your support, cooperation and prayers over the years.
“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, you exercised your right to vote for me. As we end our first term, rest assured that Osun is more stable economically than we met it in 2018 and it remained the most peaceful state in the country under our leadership.
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“For four years, we did not take any bank loan facility. But we benefitted from the N3 billion monthly intervention from the Federal Government to all the states for six months to cushion the effect of deductions of budget support facility and salary bailout accessed by the previous administration, just as we have paid N97 billion from the total debt we inherited in 2018.
“We are leaving behind cash of over N14 billion. In addition to the N14 billion cash, another N8 billion is being expected between December and January from our performance in SFTAS and the Internally Generated Revenue. Also, another $72 million will come to the state soon from RAMP 3, NG-CARES, Nigeria for Women Project and Ease of Doing Business. These are earned based on performance. And we have indeed performed to earn them.
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“It was part of the same performance that earned us the award of Best Governor on Efficiency of Public Expenditure and TOP Performer on Domestic Revenue Mobilisation by the World Bank’s States’ Fiscal Transparency, Accountability and Sustainability, SFTAS, recently. We have gone this length to let you know that Osun under our leadership was sustainable. It was done through fiscal discipline and personal sacrifices.”
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