Adegboyega Oyetola, the immediate past governor of Osun State, has stated that his administration left in the state’s coffers a total of N14 billion cash.
Oyetola revealed that his administration didn’t borrow a dime anywhere in the world to finance the economy of the State, adding that his government had paid a sum of N97 billion debt inherited when he resumed office in 2018.
In a farewell message by Oyetola as contained in a statement made available by his Chief Press Secretary, Ismail Omipidan, on Sunday. Read, “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.
“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.
The statement further read, “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.
“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.
“On behalf of our team, I appeal to you all to continue to be law abiding and to work assiduously to build the Osun of our dream.”