Antoeni:
*ANALYSIS OF EKITI DEBT PROFILE SINCE 2010 FROM THE TABLE RELEASED BY DMO, ABUJA*

Analysis By:
Akogun Tai Oguntayo
Former NUJ State Chairman,
EKITI STATE

Actual Financial Profile of Ekiti @ June 30, 2018
By Debt Management Office, Abuja

As at October 2010, Fayemi inherited *10,500,000,000:00* from Engr Segun Oni's govt and offset it

As at October 2014, Gov Ayo Fayose inherited *27,418,166,077.17* from Dr Kayode Fayemi's govt. Instead of paying back, in December of that same 2014, Fayose borrowed *3,042,468,099.62* making Ekiti Debt Profile to rise to *30,460,634,167.79* which he claims to meet in 2014.

In December 2015, instead of offsetting the loan, Fayose & his deputy, Eleka borrowed another *22,104,341,683.26* increasing the debt to *52,564,975,851.05* - yet no payment of workers, pensioners and gratuities of dead senior citizens.

In December, 2016, Dr Peter Ayodele Fayose & Prof Kolapo Olusola Eleka refused to pay back a dime but went ahead to borrow a whooping sum of *32,484,702,256.84* making Ekiti Debt Profile to rise to *85,049,678,107.89* - No payment of salary or employment yet but embarking on white elephant project in order to siphons fund

In December 2017, Gov Fayose Osokomole Pogun Pote & his Arole borrowed another *32,446,001,232.97* gearing up the debt to *117,495,679,340.86,* unprecedented in the history of our State.

If we deduct the *10,500,000,000:00* left behind by Segun Oni from *27,418,166,077.17* debt by JKF it means the actual amount borrowed by Fayemi is *17,418,166,077.17*. But because govtbis continuum, a govt inherited asset and liability. Therefore, add Oni & Fayemi's debts together it gives us *27,418,166,077.17*, when this is deducted from Fayose/Eleka'
*117,495,679,340.86,* it means the total sum Kolapo Olusola Eleka's Godfather borrowed which they spent together frivolously is *90,077,513,263.69*

No wonder, this election is a do or die for Fayose rather than for Olusola Eleka.

This is the history of how a governor plunged his State into debt and he wants the continuity of this. I did all this data analysis from the Certified True Copy (CTC) of the DMO report I got directly from DMO,. Abuja. It is now clear why Ekiti people would not want an extension of this govt again..