₦airaland Forum

AYODELE Fayose, Ekiti State governor, has denied that his administration has committed the state into any debt.

Fayose disclosed this on Monday during an interface with civil servants in the state.

A national daily had published over the weekend that the Debts Management Office (DMO) of the Federal Ministry of Finance had in its lastest edition detailed how Ekiti debt summed up to N56billion since the incoming of the Fayose administration.

Fayose said the huge debt burden left by the previous administration was too much for the state to cope with hence it would amount to punishing the state and her people if more debts were incurred.

He also disclosed that his state got N4.7 billion from the latest tranche of the Paris Club Refund money.

On the controversy trailing the withdrawal of $1 billion from the Excess Crude Oil Account, Fayose said he would challenge the decision in court.

“The previous administration left the state reeling in a debt burden that we will repay for the next 20 years and we cannot further inflict more burdens on the hapless people of the state. We have been prudent in the management of our scarce resources and the opposition All Progressives Congress peddling unfounded rumours that we have borrowed N56 billion are only saying balderdash.

“Their party is in control at the federal level and they have access to the Ministry of Finance, Accountant General of the Federation, the Debt Management Office, among others, let them make whatever they have public. Nigerians are no fools,” he stated.

On the money received from the Paris Club Refund, Fayose said labour leaders would meet with government officials to determine how it would be spent the N4.7 billion.

On the controversial withdrawal of $1 billion from the Excess Crude Oil Account, Fayose noted that any tier of government opposing the action by the Federal Government should be given its money for it to spend it the way it likes.

Authoreety:
I tried to understand


but e no stil let me

ItachiUchiha:
See a brain surgeon quickly..

Authoreety:
no problem bro... but I need d surgeon that surgeoned ur brain and that of ur siblings...