I reduced my debt, I left 14 billion naira behind - Oyetola
Incumbent Governor of Osun State, Adegboyega Oyetola, said his administration was leaving behind a total sum of N14 billion in state coffers.
Oyetola also said that between 2018 and the time of his exit, his administration had paid a sum of N97 billion on inherited debt, adding that the administration had not taken out any bank loans during his tenure as President. governor.
In a farewell message from Oyetola contained in a statement made available by his chief press secretary, Ismail Omipidan, on Sunday, he further disclosed that his administration had improved Osun's economy through many activities centered on people and the masses. implemented projects to make life worthy of the people of the state.
According to him, Osun under his leadership has been economically stable, as evidenced by the astronomical increase in the state's gross domestic product since he took office.
He claimed that Osun was more economically stable than he encountered in 2018, saying that despite all the visible socio-economic challenges the state was facing with its side effects, he was able to take support the fears and evil of fiscal indiscipline and lack of enforcement, which has hampered the nation's public service projects and services.
The statement quoting Oyetola reads in part: "As I step down today (Sunday) after the end of the four-year term you freely bestowed on me, I thank God and thank you for your support , your cooperation and your prayers for the years.
"I remember how the journey began four years ago; how by your faith in me and your belief in the plans and programs of our party, you exercised your right to vote for me. As we close our first term, rest assured that Osun is more economically stable than we encountered in 2018 and has remained the most peaceful state in the country under our leadership.
“For four years, we had no bank credit. budget support and wage bailout facility that the previous administration had access to, just as we paid off N97 billion of the total debt we inherited in 2018.
“We are leaving over N14 billion naira behind. In addition to N14 billion in cash, a further N8 billion is expected between December and January through our performance in SFTAS and internally generated revenue. Besides, another $72 million will soon come to the state from RAMP 3, NG-CARES, Nigeria for Women Project and Ease of Doing Business. These are earned based on performance. And we have indeed played to earn them. .
"This is part of the same performance that recently won us the award for Best Governor for Effectiveness in Public Spending and Best Performer for Domestic Revenue Mobilization by the World Bank's SFTAS for Transparency, accountability and sustainability of public finances. We have gone so far to let you know that Osun under our leadership was sustainable. This was done through fiscal discipline and personal sacrifice."
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Incumbent Governor of Osun State, Adegboyega Oyetola, said his administration was leaving behind a total sum of N14 billion in state coffers.
Oyetola also said that between 2018 and the time of his exit, his administration had paid a sum of N97 billion on inherited debt, adding that the administration had not taken out any bank loans during his tenure as President. governor.
In a farewell message from Oyetola contained in a statement made available by his chief press secretary, Ismail Omipidan, on Sunday, he further disclosed that his administration had improved Osun's economy through many activities centered on people and the masses. implemented projects to make life worthy of the people of the state.
According to him, Osun under his leadership has been economically stable, as evidenced by the astronomical increase in the state's gross domestic product since he took office.
He claimed that Osun was more economically stable than he encountered in 2018, saying that despite all the visible socio-economic challenges the state was facing with its side effects, he was able to take support the fears and evil of fiscal indiscipline and lack of enforcement, which has hampered the nation's public service projects and services.
The statement quoting Oyetola reads in part: "As I step down today (Sunday) after the end of the four-year term you freely bestowed on me, I thank God and thank you for your support , your cooperation and your prayers for the years.
"I remember how the journey began four years ago; how by your faith in me and your belief in the plans and programs of our party, you exercised your right to vote for me. As we close our first term, rest assured that Osun is more economically stable than we encountered in 2018 and has remained the most peaceful state in the country under our leadership.
“For four years, we had no bank credit. budget support and wage bailout facility that the previous administration had access to, just as we paid off N97 billion of the total debt we inherited in 2018.
“We are leaving over N14 billion naira behind. In addition to N14 billion in cash, a further N8 billion is expected between December and January through our performance in SFTAS and internally generated revenue. Besides, another $72 million will soon come to the state from RAMP 3, NG-CARES, Nigeria for Women Project and Ease of Doing Business. These are earned based on performance. And we have indeed played to earn them. .
"This is part of the same performance that recently won us the award for Best Governor for Effectiveness in Public Spending and Best Performer for Domestic Revenue Mobilization by the World Bank's SFTAS for Transparency, accountability and sustainability of public finances. We have gone so far to let you know that Osun under our leadership was sustainable. This was done through fiscal discipline and personal sacrifice."
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