₦airaland Forum

Ekiti Debt Profile: Dr. Fayemi replies Dr.
Fayose!
"For the avoidance of doubt, the
indebtedness of the state as at October
15th, 2014 is N36,316,017,758 .93
(Thirty
six billion, three hundred and sixteen
million, seventeen thousand , seven
hundred and fifty six naira, ninety-three
kobo).
Of this amount, the sum of
N7,830,636,440. 62 (Seven billion, eight
hundred and thirty million, six hundred
and thirty-six thousand, four hundred
and
forty naira, sixty-two kobo) represents
foreign loans incurred by previous
government since the days of the Old
Ondo
State.
The remaining sum of N28,
485,381,316.31 represents internal loan.
This include inherited loans from
previous
government and outstanding balance
(debt) of the bond taken at the Capital
Market.
In spite of this, the Federal Government
is
owing the state the sum of
N17,710,728,299 .06. This include
N10,839,493,135 .63 (amount due from
construction of federal roads);
N4,012,384,082. 60 (refund on Paris
Club)
and N2,858,851,080. 83 (amount due on
ecological projects). If the Federal
Government would graciously effect
part
of this payment, the debt profile of the
state would have been greatly
reduced."~Dr. Kayode Fayemi.

I hate apc govs and the way they lie.
@Fayemi #bringbackekitimoney

Fayemi said it as it is.
Fayose is looking for money to steal. #fayosewantstostealekitijustlikehestoleitin2006.

Dikolas:
Ekiti Debt Profile: Dr. Fayemi replies Dr.
Fayose!
"For the avoidance of doubt, the
indebtedness of the state as at October
15th, 2014 is N36,316,017,758 .93
(Thirty
six billion, three hundred and sixteen
million, seventeen thousand , seven
hundred and fifty six naira, ninety-three
kobo).
Of this amount, the sum of
N7,830,636,440. 62 (Seven billion, eight
hundred and thirty million, six hundred
and thirty-six thousand, four hundred
and
forty naira, sixty-two kobo) represents
foreign loans incurred by previous
government since the days of the Old
Ondo
State.
The remaining sum of N28,
485,381,316.31 represents internal loan.
This include inherited loans from
previous
government and outstanding balance
(debt) of the bond taken at the Capital
Market.
In spite of this, the Federal Government
is
owing the state the sum of
N17,710,728,299 .06. This include
N10,839,493,135 .63 (amount due from
construction of federal roads);
N4,012,384,082. 60 (refund on Paris
Club)
and N2,858,851,080. 83 (amount due on
ecological projects). If the Federal
Government would graciously effect
part
of this payment, the debt profile of the
state would have been greatly
reduced."~Dr. Kayode Fayemi.

So vague

What about telling us the exact "gov't of old" that took the loan so they can defend themselves

#fayemibringbackekitimoney!!!#

What about monies owed contractors and outstanding workers' salaries? Aren't those also part of the debt profile of states?

Everyone knows this is a lie from APC and Fayemi...Chaii there is God
Ooooo oooo! Ekiti people can't be fooled again.Useless government oweing workers salary and pension arm robber Fayemi
#FAYEMIBRINGBACKEKITIMONEY#

APC = they loot, they defend, they lie, when you ask them about how they spends money they goes to court to stop you from asking questions and when they cant stop you at the courts they starts using their touts against you. Ndi Ara

As much as I like Dr Fayemi's response he should have given a detailed exposure on his service and even unmask the 'previous administrations' he was referring to so as to be taken seriously.

Chai dis man is a professional thief. He just make dis sketch wrk 2 deceive pple.

If you are not satisfied with Fayemi's position, please forward a petition to EFCC or better still go to court.

It seems FayosÉ wants to loot in Advance by declaring phantom debt profile

barcanista:
If you are not satisfied with Fayemi's position, please forward a petition to EFCC or better still go to court.

It seems FayosÉ wants to loot in Advance by declaring phantom debt profile

An elected government is accountable to the PEOPLE and not neccessarily to EFCC. So, that sketchy release is all an APC gov has to give after spending billions in 4years. Very pathetic progressivesssssssssssss!!

gtrust:
So vague

What about telling us the exact "gov't of old" that took the loan so they can defend themselves

#fayemibringbackekitimoney!!!#

u can see hw dumb fayemi is, old ondo state wen Ekiti was yet to be created.

Gabbysky:
I hate apc govs and the way they lie.
@Fayemi #bringbackekitimoney

u are a fool? Ask ibori, alams or orji to return ur money first..

Awon ode!

chidexy:
What about monies owed contractors and outstanding workers' salaries? Aren't those also part of the debt profile of states?

*internal* has he not explained enuff?