₦airaland Forum

PDP power to the people

maasoap:
Are you okay at all?

I am very okay as per the debunked news below.
Now, answer your question.

press9jatv:
Osun State's Debt Under Governor Adeleke Surges To N336billion Over Heavy Reliance On Loans

According to a report released by the Auditor-General of Osun State, Kolapo Idris, a detailed analysis of the state’s fiscal strategies has been provided.

The Osun State Government’s 2023 financial audit has revealed a staggering accumulation of loans and borrowings, bringing the state's total debt to over N336billion.

According to a report released by the Auditor-General of Osun State, Kolapo Idris, a detailed analysis of the state’s fiscal strategies has been provided.

The audit disclosed that domestic debts include a salary bailout of N21.6 billion, restructured commercial bank loans of N73.9 billion, and a Federal Government intervention fund worth N18.4 billion.

Meanwhile, on the international front, the state’s external debt stands at N78.5 billion, stating its heavy reliance on borrowed funds.

Further examination of loans managed by the Domestic Debt Management Office (DMO) reveals additional liabilities.

These include undisclosed loans (Note 44) totalling N114 billion, a budget support facility of N17.2 billion, an Excess Crude Account (ECA) facility of N9 billion, and infrastructure loans amounting to N4.3 billion, pushing DMO-managed domestic loans to N144.6 billion.

Also, the state's public debt charges for 2023 amounted to N16.73 billion, falling short by over N3 billion from the N19.85 billion that was initially budgeted.

The variance of N3.12 billion primarily resulted from lower-than-expected domestic interest and principal payments on treasury bills and long-term borrowings.

Meanwhile, domestic interest payments totalled N1.57 billion, below the budgeted N2.38 billion, while principal payments amounted to N15.15 billion, under budget by N2.33 billion.

However, the state’s travel and transport expenses totalled N4.38 billion, reflecting a minor shortfall of N253.7 million compared to the estimated N4.63 billion.



https://saharareporters.com/2024/12/02/osun-states-debt-under-governor-adeleke-surges-n336billion-over-heavy-reliance-loans

phemmie06:
I am not surprised, we don't have leaders but DEALERS

If you are not also a dealer, then why allow those who you call dealers to emerge from your midst as leaders

anonimi:
“The worst illiterate is the political illiterate, he doesn’t hear, doesn’t speak, nor participates in the political events.

He doesn’t know the cost of life, the price of the bean, of the fish, of the flour, of the rent, of the shoes and of the medicine, all depends on political decisions. The political illiterate is so stupid that he is proud and swells his chest saying that he hates politics.

The slowpoke doesn’t know that, from his political ignorance is born the prostitute, the abandoned child, and the worst thieves of all, the bad politician, corrupted and flunky of the national and multinational companies.”

― Bertolt Brecht

anonimi:
If you are not also a dealer, then why allow those who you call dealers to emerge from your midst as leaders

What are you saying..... Am I the one who voted your clowns?

Is good for them.

All these thieves and thugs in government are simply the faithful reflection/sample of Nigerian society - an average Nigerian citizen is a horrible human being

Nigerians should know by now that, politicians didn't go there to serve but for personal aggrandizement

Jamie248:
All these thieves and thugs in government are simply the faithful reflection/sample of Nigerian society - an average Nigerian citizen is a horrible human being

And that is what is reflecting in all spheres of the economy

ivandragon:
Like president like governor... insensitive buffoons...

My brother, they're all the same. LP, PDP, APC, as long as you're Nigerian politician.

This money can build a new secondary school and equip it

Ok

phemmie06:
What are you saying..... Am I the one who voted your clowns?

If you are not an irresponsible clown yourself, why did you confuse allow with vote.
Go back and read what I wrote again slowly, so you can change your ways and own up to your own personal failures in the political process that ensures those you call dealers emerge as your leaders.

Oloriburuku ono na adeleke matter go kill u

Osiris12:
Press9jatv, ur apc propaganda can’t stop Adeleke

Press9jatv is a PDP man, who always speaks ill of APC. He only has an issue with Adeleke

Osiris12:
Press9jatv, ur apc propaganda can’t stop Adeleke

Adeleke the clueless treasury looter is a clueless goner.

joshuaidibia:
My brother, they're all the same. LP, PDP, APC, as long as you're Nigerian politician.

If they are all the same, then why were we more prosperous with PDP privatisation capitalists until we allowed APC scammers to swindle us into more extreme poverty?

What is your smart answer to that

thisweekng:
The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.

He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.

He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.

“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.

“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
Private sector to drive the economy

https://thisweekng.com/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/

opes:
Press9jatv is a PDP man, who always speaks ill of APC. He only has an issue with Adeleke

see I’m a honest man as you see me here, what I hate most is cheating and corruption. My spirit doesn’t work with corruption here. Adeleke is a wicked and heartless treasury looter, he never meant well for the good people of Osun State. We will surely votes him out in 2026 governorship election 🗳. His embezzling of the treasury is enough. This is too much

What do you expect from the, "awada ketikeri" jester of a governor......... Nigeria is byond redemption as it is with the set of gejudugera leaders we have

press9jatv:
see I’m a honest man as you see me here, what I hate most is cheating and corruption. My spirit doesn’t work with corruption here. Adeleke is a wicked and heartless treasury looter, he never meant well for the good people of Osun State. We will surely votes him out in 2026 governorship election 🗳. His embezzling of the treasury is enough. This is too much

I understand. Maybe you only got to know who he is after he won the election. I remember you campaigned vigorously for him, even giving daily updates during the election tribunal trials.

Waste.

Why all these wastage....Wat kind of country is dis fr Godsake

anonimi:
Is he not been a good follower of our great Asiwaju on this matter

A governor vehicles budget is even more than that of the president

Meanwhile....Tinubu has received his own bashing.

Face your in law ADELEKE now and stop be hypocritical

When you put an unserious person into office this is what you get.

At times it will do me like a magic. Very disheartening.

DrAda:
I try not to leave comments on matters concerning Nigerian politics. It's just too depressing.

opes:
I understand. Maybe you only got to know who he is after he won the election. I remember you campaigned vigorously for him, even giving daily updates during the election tribunal trials.

yes. No one knows he will display his heartless and wicked act in government in this manner. He’s just a wicked treasury looter niii.

Pls Adeleke can you tell me how much is 1 of those SUV that will make 37 of that SUV cost these outrageous amount of Billions?

This is extremely too much. This aaabout it if itt really worth it. I don't wan to castigate you yett because the news might just be one of those fake political hoax.

jattopeter:
At times it will do me like a magic. Very disheartening.

It's truly disheartening

Moneyboyz:
Like they don't have cars before?
Will the cars be returned after office?
If yes where are the cars used by previous administration?

Oyetola boys took them away after he left office.

press9jatv:
See the rate at which Adeleke is spending Osun money on frivolities here. I hope you don see it clearly. This same man is busy looting the treasury too. We will all see how he will escape defeat in 2026 governorship election 🗳. Adeleke is a clueless goner.

.. What is the man known for? Dancing. The man was elected based on dancing skills rather than for any thing intellectual. What do you think the result would be?

The price of N189 million per vehicle does sound pretty outrageous. Are they’re buying spaceships. At that price, it might be some really high-end military vehicles, specialized equipment, or luxury vehicles for the elites, though it does seem a bit much.

Nigeria has seen some crazy spending on defense, infrastructure, and high-profile projects that often raise eyebrows,

I come in peace.

hafeeanubasy:
A governor vehicles budget is even more than that of the president

Meanwhile....Tinubu has received his own bashing.

Face your in law ADELEKE now and stop be hypocritical

Firstly, the report is not likely to be true based on the lies told by Sowore's sahara on the state's debt, even quoting the auditor general until it was debunked factually with DMO figures. I expect the state government to factually debunk this as well. Sowore probably just forwarded APCshit propaganda without thoroughly factchecking it.

Secondly, assuming this is completely true, don't you think that inflation would have made the value of T-Pain's vehicle budget of 2023 more than quadrupled today