I’ve Not Borrowed Money Since Assuming Office In 2018 – Oyetola

Adegboyega Oyetola

Osun state governor, Adegboyega Oyetola has said he has not borrowed any money since assuming office in November 2018.

Daily Independent findings revealed that the debt profile of the state was N200 billion when Oyetola came into office. He has however managed to pay N70bn out of the amount.

Speaking in a radio interview to commemorate the 30 years anniversary of the creation which was monitored by Daily Independent, Oyetola said even though he has not borrowed in the last three years, he might do so going forward based on the need to complete some major projects which are time bound.

He added that the state government spends an average of N3bn every month to offset salaries of workers, adding that the salaries are being paid as at when due.

“Well, debt ordinarily is something that happens one way or the other because we don’t have all the resources to do what we want to do. So, debt is actually not a curse. What is important is to ensure that whatever debt incurred is actually channelled towards capital projects that will impact positively on the people”.

“Yes, Osun had its own share of debts. I don’t want to go into so much of those details. What is important is to move forward. We are coping with whatever debts that have been incurred over time, and we are ensuring that, that does not stop us from doing what we need to do as a government in the area of infrastructure, health, education and security. I think that’s the way to talk about it, even America owes a lot of debt”.

“They live on debt, actually. But I think we’ve actually been able to manage the state’s debt portfolio. We’ve been paying back the inherited debt and we’re still doing a lot that we need to do as a government”.

“No. I have not borrowed. But that is not to say that I might not borrow, given the fact that you must do some of the major projects that need time, that is, time bound, particularly given the cost of infrastructure that is going on now, you may have to really find a way of ensuring that you complete whatever you’re doing”.

“But what is important to me is the fact that even if I must borrow, I must do it in such a way that will not affect meeting my obligations to the people including payment of salaries and pension. However, as of today, 27 August, 2021, we’ve not borrowed” he said.

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