THE incoming governor of Ekiti State, Mr Ayo Fayose, on Tuesday evening, raised the alarm that the outgoing Dr Kayode Fayemi-led administration was bequeathing a debt profile of nearly N84 billion to his administration.
He lamented that the state was indebted to banks and other financial institutions till 2020.
This came as he lifted the curfew imposed on the state by Governor Fayemi on September 25, following a crisis that erupted after the murder of Chief Omolafe Aderiye.
Fayose, who spoke on a live programme in Ado-Ekiti on local radio and television stations, also said last minute efforts by the All Progressives Congress (APC) and the E-11 to stop his inauguration were like “the last kicks of a dying horse.”
According to him, “they took N31 billion in the first instance and paid about N10 billion and they took another N22 billion loan and the state is having N552 million monthly deficit and the repayment is till 2020.”
Fayose, who was reacting to a suit reportedly filed at a Federal High Court in Lagos on Tuesday by the APC and the E-11, which was intended to stop his inauguration tomorrow, said “God’s will will prevail, no matter the circumstances.”
According to him, “everything will work for good for me and the people of Ekiti State. In the case filed in Lagos today (Tuesday), we have found out their antics and I am confident that I would be inaugurated.”
He also alleged that his team was being frustrated by the Governor Fayemi, adding that he was not getting the support of the outgoing governor to ensure a hitch-free inauguration ceremony.

Source:- www.tribune.com.ng/news/top-stories/item/18707-fayose-raises-the-alarm-over-ekiti-s-n84bn-debt