₦airaland Forum

PS712:
Decrease in domestic debt and increase in foreign debt (which is in dollars) and raises debt profile higher. Lol

He took power in 2018.

2018 — $99.1m
2019 — $95.5m
2020 — $107.4m
2021 — $100m

Debt increase of $900k from that period. Even that $900k could be part of the interest accrued.

$900k is a small change considering the fact that he deceased the domestic debt by several billions.

seunmsg:
Oyetola is a very brilliant guy but he was designed to fail as a governor by Rauf Aregbesola. Unfortunately, Nigerians are very ignorant of what the issues are so they tend to make the wrong political decisions at every election cycle.

Oyetola’s major offense was not executing big contracts and sharing money like Rauf did. Some, especially Osogbo people also hated him for fighting Rauf. But truth be told, what’s in Rauf’s legacy that should be continued? Crazy debt? Crazy religious policies? Crazy educational policies? None payment of salaries? What exactly?

The governor inherited a crippling debt portfolio from Rauf. The state’s monthly allocation was not even enough to meet the servicing of the debt left by Aregbesola not to talk of paying salaries and executing contracts. Still, he managed to keep the state together.

He had two choices as governor, take more crazy loans that the state can’t payback in the next 100 years or cut down on government projects and prioritize payment of salaries, repayment of loan and execution of only emergency projects. He choose the second option and got punished for it.

People, including political contractors simply wanted huge contracts to be awarded everywhere without caring about where the money would come from. They wanted a governor who would come to Osogbo round about and stand on the roof of his car and share money. Oyetola refused all these and they hated him.

I sincerely wish Ademola Adeleke well but I’m eagerly waiting to see what he will do differently considering the huge debt portfolio of the state.

Exactly what we told them. But Nigerians use their emotions instead of dealing with facts. Aregbesola that caused everything is doing Mr nice Man in the US. The socialist who used socialism to destroy the beautiful state of Osun

When we asked them what did they do,they will say aregbesola did infrastructure. Infrastructure that did not target the economy. Infrastructure that only added to the debt burden of the state. Love seyi makinde or hate him,His infrastructure drive has shot up the state IGR of Oyo state by over 100percent currently at 4Billion per month from the almost 2Billon he got it in 2019. Ajimobi only increased it by 1Billion in 8years,In essence, Oyetola is trying to move away from the mistakes of aregbesola.

Osun is an insolvent state and there is nothing Adeleke can do until they pay off these debts. Adeleke will only add more cos he seems not to know what exactly to be done.

He will be an Alao Akala Osun state version. I hope he dissaapoints me,but I doubt it. You can't give what you don't have

seunmsg:
Oyetola is a very brilliant guy but he was designed to fail as a governor by Rauf Aregbesola. Unfortunately, Nigerians are very ignorant of what the issues are so they tend to make the wrong political decisions at every election cycle.

Oyetola’s major offense was not executing big contracts and sharing money like Rauf did. Some, especially Osogbo people also hated him for fighting Rauf. But truth be told, what’s in Rauf’s legacy that should be continued? Crazy debt? Crazy religious policies? Crazy educational policies? None payment of salaries? What exactly?

The governor inherited a crippling debt portfolio from Rauf. The state’s monthly allocation was not even enough to meet the servicing of the debt left by Aregbesola not to talk of paying salaries and executing contracts. Still, he managed to keep the state together.

He had two choices as governor, take more crazy loans that the state can’t payback in the next 100 years or cut down on government projects and prioritize payment of salaries, repayment of loan and execution of only emergency projects. He choose the second option and got punished for it.

People, including political contractors simply wanted huge contracts to be awarded everywhere without caring about where the money would come from. They wanted a governor who would come to Osogbo round about and stand on the roof of his car and share money. Oyetola refused all these and they hated him.

I sincerely wish Ademola Adeleke well but I’m eagerly waiting to see what he will do differently considering the huge debt portfolio of the state.

If this is true then Osun people you are on your own (OYO) because make una no suffer as ungrateful people do. I pray that Adeleke go continue to pay salaries and pensions.

nedekid:
This does not add up. If the state is in debt and negative federal allocation, how come the political appointees I know there became billionaires since their appointment? Infact, I think Osun state is richer that rivers and delta states.

Yes Osun State is richer than US and Canada put together. Byeeeeeeeeeeeee.....

Akharmony:
Adeleke should just do the right thing. . and not ue government fund to celebrate mediocrity. . Oyetola so far has done his own best by shaping the life of the civil servant, fact check the government didnt owe workers salaries, work are been paid at when due. . But Nigerians will prefer mediocrity over good works. .

There's one thing you people fail to understand. Firstly, I'm from Osun, so I'm in a right position to talk. It's true that Oyetola never owed civil servants, however he's owing pensioners. Oyetola promised to be paying the arrears of salary owed by Aregbe's administration, he hasn't paid a dime. Lest I forget, Aregbesola did not owe workers too in first term. But his second term was characterized by mass hunger due to non-payment of salary. During Aregbe's tenure, I drank garri for a whole week. We really suffered.
Why did workers fail to support Oyetola's second term bid? Osun civil servants feared he may repeat what Aregbe did in his second term, as he's rumoured to be the brain behind half salary as the chief of staff. Osun is a civil servant state; anything that affects the civil servants affect the public.
BTW, it's uncivil of you to call Adeleke a failure. He hasn't even assumed office, but because of prejudiced mind, you have already concluded he would fail. I pray you will be disappointed.

Being in Tinubu's camp is also becoming a problem. Remember Edo state?

blamingthedevil:
https://twitter.com/DeeOneAyekooto/status/1548932891383562240




Statistics

OSUN STATE INTERNALLY GENERATED REVENUE

2014 — ₦8.51 billion
2015 — ₦8.07 billion
2016 — ₦8.88 billion
2017 — ₦6.49 billion

2018 — ₦10.4 billion
2019 — ₦17.9 billion
2020 — ₦19.7 billion


OSUN STATE DEBT PROFILE — DOMESTIC DEBT

2011 — ₦5.43bn
2012 — ₦38.6bn
2013 — ₦41.4bn
2014 — ₦37.8bn
2015 — ₦144.7bn
2016 — ₦147.1bn
2017 — ₦138.2bn

2018 — ₦148.1bn
2019 — ₦138.7bn
2020 — ₦134.1bn
2021 — ₦134.7bn
Q1 2022 — ₦133.6bn

OSUN STATE DEBT PROFILE — EXTERNAL DEBT

2010 — $62m
2011 — $61.5m
¹2012 — $61.7m
2013 — $61.8m
2014 — $74.1m
2015 — $76.9m
2016 — $70.5m
2017 — $96.6m

2018 — $99.1m
2019 — $95.5m
2020 — $107.4m
2021 — $100m

LEAST UNEMPLOYED PEOPLE [2020]

1 Osun
2 Benue
3 Zamfara
4 Sokoto
5 Ogun

LEAST POOR PEOPLE [2019]
1 Lagos
2 Delta
3 Osun
4 Ogun
5 Oyo

#StatiSense
(NBS)


https://twitter.com/StatiSense/status/1549105244130402305

/

You asked a question and provided all the answers.

1. What is the Osun State's IGR from 2018-2022?
2. What is Osun State's External Debt from 2018-2022?
3. What is Osun State's Domestic Debt from 2018-2022?

In 2020, her IGR= N19b, External debt: N134b, Domestic Debt: N65b
In a layman's terms, Income: N19b, Debt: N200b. So Osun owes 10x her annual income for the year.

Can't you see that Osun State is not economically viable? It should be merged with Ogun State or Ondo State.



/

spearman:
My brother, I dislike that Tinubu pass anyone on this earth. I just don't like thieves, nothing more. Every election I have organized to topple him in Lagos governance openly in protests and marches at Lekki toll gate at election time. I contributed to Jimi Agbaje every election cycle. Right now I am on my knees praying for him to be digraced in this election because I want Yorubas to break up Nigeria. Minorities cannot break Nigeria, it will take one of the majors and Igbos are not serious about Biafra with that fraudulent map. Only the Yorubas posses the capacity and incentive to break Nigeria. Niger delta want a federation of their own but are too fragmented into many nations to take on Nigeria and so has the incentive but no capacity, yet.

With all of these, I don't hate anybody. Not Yoruba, not Igbo, not even Fulani. Everyone is simply acting out their interest the way they think is best for them no matter how misguided. As much as I dislike Tinubu, I wish him good health, long life and wisdom. That is what the Igbo psyche cannot do. Igbo hate Yoruba for their superior culture, language, geography and heritage. I too have problems with Yorubas, no one is perfect, but I have never thought of Lagos as "no man's land". Minorities and even Fulanis don't think that way. Only the Igbos say Lagos is no man's land only so to desecrate Yoruba heritage.

South South is lucky that One Nigeria did not develop Niger Delta ports. That should wait until after the breakup of Nigeria as it will only bring massive aggressive Igbo populations to its doorstep to dilute and pollute local cultural dynamics just as they currently lay siege on Port Harcourt.

Self_determination is the only and the ultimate solution to Nigeria's problem. Territorial nomadic Fulanis and territorial nomadic landlocked Igbos fear freedom for the rest of us. Peter Obi is a gaslighting Igbo project that they want to fool the unsuspecting into believing he is a savior, just like until recently Nnamdi Kanu (I once contributed to that idiot before I saw my village on his Biafrauud map).

I see what you're saying.
It is true tho it'll take a united front to break Nigeria up or achieve true federalism with different nations operating on their own and contributing to the center their own cent.
Another point you mentioned I like is the lagos is no mans land talk, its very insulting to the yorubas and I can only imagine how I would feel if someone said Akwa-ibom is no man's land simply to suit a foolish narrative to soothe their ego.

seunmsg:
Oyetola is a very brilliant guy but he was designed to fail as a governor by Rauf Aregbesola. Unfortunately, Nigerians are very ignorant of what the issues are so they tend to make the wrong political decisions at every election cycle.

Oyetola’s major offense was not executing big contracts and sharing money like Rauf did. Some, especially Osogbo people also hated him for fighting Rauf. But truth be told, what’s in Rauf’s legacy that should be continued? Crazy debt? Crazy religious policies? Crazy educational policies? None payment of salaries? What exactly?

The governor inherited a crippling debt portfolio from Rauf. The state’s monthly allocation was not even enough to meet the servicing of the debt left by Aregbesola not to talk of paying salaries and executing contracts. Still, he managed to keep the state together.

He had two choices as governor, take more crazy loans that the state can’t payback in the next 100 years or cut down on government projects and prioritize payment of salaries, repayment of loan and execution of only emergency projects. He choose the second option and got punished for it.

People, including political contractors simply wanted huge contracts to be awarded everywhere without caring about where the money would come from. They wanted a governor who would come to Osogbo round about and stand on the roof of his car and share money. Oyetola refused all these and they hated him.

I sincerely wish Ademola Adeleke well but I’m eagerly waiting to see what he will do differently considering the huge debt portfolio of the state.

What about the huge Osun State fund they say goes to someone, an individual, in Lagos monthly?

famology:
Aregbesola killed Osun State. Oyetola must be really skillful to have managed to keep the state afloat. As we speak Osun is on negative federal allocation because debts are being deducted from source. Many people don't know the situation Aregbesola left Osun State. I just dey laff oooooo......the man has done his best, it's time to move on and allow Adeleke to also try. Let's see what Adeleke can do differently. I remember how soludo was making noise everywhere until when he saw the books his complaints started. Less than 6months he's demanding for a loan of 100billion naira already. Lol.......

I just laugh when people talk about aregbe in this matter. Oyetola was part of that Aregbe admistration from day one. You people about liabilities of the state but failed to talk about asset? You quoted 100b as the debt left by aregbe which is total lie but lets just take it that way?
How much is osun state making in gold mining in the state monthly?
How much did the federal government remittance to osun for executing federal roads in the state?
How much did osun make in the concession of lautech?
Give us the figures..
How many mining license did osun state have and who are those using the licenses
See my brother.. the government can't fool everybody

Because he is in the worst party in Nigeria.

seunmsg:
Oyetola is a very brilliant guy but he was designed to fail as a governor by Rauf Aregbesola. Unfortunately, Nigerians are very ignorant of what the issues are so they tend to make the wrong political decisions at every election cycle.

Oyetola’s major offense was not executing big contracts and sharing money like Rauf did. Some, especially Osogbo people also hated him for fighting Rauf. But truth be told, what’s in Rauf’s legacy that should be continued? Crazy debt? Crazy religious policies? Crazy educational policies? None payment of salaries? What exactly?

The governor inherited a crippling debt portfolio from Rauf. The state’s monthly allocation was not even enough to meet the servicing of the debt left by Aregbesola not to talk of paying salaries and executing contracts. Still, he managed to keep the state together.

He had two choices as governor, take more crazy loans that the state can’t payback in the next 100 years or cut down on government projects and prioritize payment of salaries, repayment of loan and execution of only emergency projects. He choose the second option and got punished for it.

People, including political contractors simply wanted huge contracts to be awarded everywhere without caring about where the money would come from. They wanted a governor who would come to Osogbo round about and stand on the roof of his car and share money. Oyetola refused all these and they hated him.

I sincerely wish Ademola Adeleke well but I’m eagerly waiting to see what he will do differently considering the huge debt portfolio of the state.

The bolded part is so true ! Though Aregbesola is from Ilesha, but Osogbo people love him so much and have even adopted him as one of their own. I'm from Osogbo,I know this to be a fact. However,Osogbo people did not actually expect Oyetola or even anyone else to come to any "round about and stand on the roof of his car and share money" as you put it,but they love anyone that's fair to them. Let's face it,Aregbesola is the architect of modern Osun state. He brought lots of infrastructural developments to the state in general and was particularly fair to Osogbo being the capital of the state. This is why Osogbo people love him very dearly and not because he was sharing money at any roundabout. As a matter of fact,there was no where or any "roundabout" in Osogbo where Aregbesola was recorded sharing money to anyone;it never happened !

There is no doubt about it,Oyetola is a very prudent manager. He in fact,deserves all the accolades for the brilliant ways he has been managing the treasury of the state without borrowing a kobo ! Having said that, he failed partially because he surrounded himself with some eye - service men who ill advised him regarding the internal wrangling within the party in Osun state and chiefly because of the terrible maladministration and woeful performances of Buhari's regime. People are just tired of Buhari's APC and that's a fact.

I'm a fan of Tinubu and I will vote for him so as millions of other Nigerians will equally do. Tinubu is an excellent administrator, a very sound technocrat and a good politician without boundaries. Tinubu's track records speak for him.

I may disagree with some of your points but believe me your last paragraph is nothing but the whole truth.

spearman:
My brother, I dislike that Tinubu pass anyone on this earth. I just don't like thieves, nothing more. Every election I have organized to topple him in Lagos governance openly in protests and marches at Lekki toll gate at election time. I contributed to Jimi Agbaje every election cycle. Right now I am on my knees praying for him to be digraced in this election because I want Yorubas to break up Nigeria. Minorities cannot break Nigeria, it will take one of the majors and Igbos are not serious about Biafra with that fraudulent map. Only the Yorubas posses the capacity and incentive to break Nigeria. Niger delta want a federation of their own but are too fragmented into many nations to take on Nigeria and so has the incentive but no capacity, yet.

With all of these, I don't hate anybody. Not Yoruba, not Igbo, not even Fulani. Everyone is simply acting out their interest the way they think is best for them no matter how misguided. As much as I dislike Tinubu, I wish him good health, long life and wisdom. That is what the Igbo psyche cannot do. Igbo hate Yoruba for their superior culture, language, geography and heritage. I too have problems with Yorubas, no one is perfect, but I have never thought of Lagos as "no man's land". Minorities and even Fulanis don't think that way. Only the Igbos say Lagos is no man's land only so to desecrate Yoruba heritage.

South South is lucky that One Nigeria did not develop Niger Delta ports. That should wait until after the breakup of Nigeria as it will only bring massive aggressive Igbo populations to its doorstep to dilute and pollute local cultural dynamics just as they currently lay siege on Port Harcourt.

Self_determination is the only and the ultimate solution to Nigeria's problem. Territorial nomadic Fulanis and territorial nomadic landlocked Igbos fear freedom for the rest of us. Peter Obi is a gaslighting Igbo project that they want to fool the unsuspecting into believing he is a savior, just like until recently Nnamdi Kanu (I once contributed to that idiot before I saw my village on his Biafrauud map).

zealousayo:
You people should fear God. I'm from Osun West (Iwo). What Sen. Ademola Adeleke did in two years is better than what the APC man (Sen. Lere Oriolowo) has done. You guys will just be saying rubbish because you hate him.
Oyetola that you guys are praising, was he not one of most important cabinet members of Aregbe's administration?

I’m not an oyetola fan at all
And wat did senator adeleke do?

ridbell01:
I just laugh when people talk about aregbe in this matter. Oyetola was part of that Aregbe admistration from day one. You people about liabilities of the state but failed to talk about asset? You quoted 100b as the debt left by aregbe which is total lie but lets just take it that way?
How much is osun state making in gold mining in the state monthly?
How much did the federal government remittance to osun for executing federal roads in the state?
How much did osun make in the concession of lautech?
Give us the figures..
How many mining license did osun state have and who are those using the licenses
See my brother.. the government can't fool everybody

Where in my comment did you see when I said Aregbesola left a debt of 100billion? Na wa oooo......

Bravetunde:
Is that the propagandaa you people discussed today

Theivenubu a condemned kriminal has given you task and slavves must obey.
Congrats to osun state for kicking out Tinubu.
I hate drug dealers and occulltic men maybe that's why I hate your mamster theivenubu.

That means you will hate all your tribesmen because they are majorly drug pushers..

Lol, APC is the worst party in the history of Nigeria.

GeneralPula:
Wow, I honestly didn’t know he did well up to this extent..

He didn’t borrow money yet he was able to pay salaries & manage the state so well..

Make Osun people dey pray because Pdp no dey take eye see treasury..

derecho:
No need to apologise.I understand your exuberance
However, one simple way to know a mature person is that they don't use a shovel of words to explain a spoonful of ideas.
Being verbose doesn't make you intelligent

Finally,
Only a fool answers a question he wasn't asked.

In case you missed the question. The question was:
Who installed Aregbesola ?

Thank you sir. I thanks for the wise words.

An advice for you too sir: at times, being quiet covers a man’s lack of knowledge and complete ignorance of analytical facts.

Once such a person talks/types, you instantly realise how innately empty they are (making only big noises but when you scratch beneath the surface, it’s an empty barrel - high on noise and low/empty on content).

Think deeply of those words.

ERockson:
When I listened to my brother/a civil servant in Osun State about one of the reasons for wanting Oyetola out of power. "That he has performed well in his first term and they believe he's coming in the second term to deal with them or perform less. That he refused to pay numbers/years of halves salaries Aregbe was owing, though he pays full as at when due. The man is a very good man I swell to gods.

I have been screaming this since day1 of election..if they think adeleke coming in will work magic,not possible..Oyetola tried so much..party leaders in osun don’t like him cus he doesn’t throw money around.Very sad

3ple9iner:
This is the same thing I am hearing from distant relatives in Osun.

One who came to Lagos today said in the state capital, the people would berate the state government for constructing roads and ask if it's road they would eat, that during the time of Aregbesola, money was always given to them.

I am from Osun and scared because people are not bordered about what Adeleke can offer. In all I wish him the best.

I don’t live in osun but I have studied oyetola,he pays salary as at when due,he is paying off debts incurred by aregbe…Adeleke will show osun pepper…

Kagd10:
I don't think Osun disliked Oyetola because he fought with Aregbesola. Osun hated him right from the bat because he was Aregbesola's candidate in the first election.

I remembered how same thing played out in Ondo state. Mimiko wasn't paying pension and salaries regularly thus, the people of Ondo state fought against the successor he brought out. They preferred to vote for Akereedolu

Same thing played out with Oyetola. The people of Osun didn't like the fact that Aregbesola owed pension and salaries hence wouldn't vote for his successor. It was by miracle through which Oyetola got in the first election because it was close. Now, they don't trust Oyetola for second term because they believed he would behave like Aregbesola.

the devil they know is better than the angel they have not seen….most Apc leaders in Osun worked for adeleke because oyetola had no money to throw around…OBO’s father was handy with cash.Osun go hear am

True

GeneralPula:
Wow, I honestly didn’t know he did well up to this extent..

He didn’t borrow money yet he was able to pay salaries & manage the state so well..

Make Osun people dey pray because Pdp no dey take eye see treasury..

Most people judged the guy based on apc and tinubu…Apc leaders in the state worked against him because he doesn’t throw money around.he was even pay debt incurred by aregbe..I feel sorry for the osun people…cus adeleke is like portable,always talking

But you should have taken your own piece of advice even if are too arrogant to take correction.
He just reminded you of a very basic way to know wise people.

Proverbs 18:13
New International Version
To answer before listening— that is folly and shame.

New Living Translation
Spouting off before listening to the facts is both shameful and foolish.

English Standard Version
If one gives an answer before he hears, it is his folly and shame.

OderaOdesigo:
Thank you sir. I thanks for the wise words.

An advice for you too sir: at times, being quiet covers a man’s lack of knowledge and complete ignorance of analytical facts.

Once such a person talks/types, you instantly realise how innately empty they are (making only big noises but when you scratch beneath the surface, it’s an empty barrel - high on noise and low/empty on content).

Think deeply of those words.

Norwichsailor:
An average SS person has no business with tinubu really, his sphere of influence doesn't include us so wetin be our own, if we attack him it's just politics, but Igbos hmm, their hate for him especially on this app is personal

In ss,despite the hate,we will share votes,atiku 40% peter 30% tinubu 30%

famology:
Where in my comment did you see when I said Aregbesola left a debt of 100billion? Na wa oooo......

my brother apc presented a failure and if he thinks he has done well he should come out in the next election and I can bet it with anything that he can win apc primary election without the influence of Tinubu

OderaOdesigo:
Aregbesola was one of the best Governors in Nigeria until he derailed. By the way, let me educate you: despite derailing and missing the mark, he was miles and miles an upgrade over his PDP predecessor in office.

When you say 2023 will surprise me? I’m keen to know what you’re talking about! Are you suggesting because PDP won Osun (with a margin of 40,000), just a month after it came a distant 3rd in Ekiti, means surprise in 2023?

My friend, I’m not a baby political analyst. Also, I don’t get carried away with all these social media babyish excitements that bear no relevance on the streets.

Even before the Osun election, I correctly predicted it’d be tough for the incumbent because the Adeleke family are very much loved in Osun. In addition, the Governor has been very prudent, refusing to share Osun money around. People seemed not to like that and prefer the free-giving Adeleke, believing there’ll be stomach infrastructure to go round when he gets to office.

I’m compiling a list of all those postulating about a certain shock in 2023. Write it down, there’ll be no shock. The only shock will be social media champions will start crying rigging when they realise the real people on ground have shown the virtual people who’s real.

Many don't know that state politics is different from National.

Everlastingson:
What about the huge Osun State fund they say goes to someone, an individual, in Lagos monthly?

Beer parlor political talk and nothing.