Ekiti State Governor Ayodele Fayose has been
warned to study the Handing-over Note
bequeathed to him by his predecessor, Dr.
Kayode Fayemi, before making contradictory
statements about the debt profile of the State.
The immediate past Commissioner of
Information and Civic Orientation, Mr. Tayo
Ekundayo said the Governor’s claim that Fayemi
left N84 billion debt was reckless and a
calculated attempt to deceive Ekiti people.
He also noted that despite the claim of the
Governor that Ekiti was indebted to the tune of
N84 billion, his inauguration speech put the
figure at N49 billion.
Ekundayo explained that all credit facilities
obtained by the last administration were not
only documented but were also made public.
According to him, Fayemi formally approached
the capital market in Lagos to obtain a N25
billion bond, which he used to finance various
landmarks projects in the state.
The former Commissioner also disclosed that
the Federal Government owed Ekiti State over
N20 billion under the immediate past regime.
“The money is part of unpaid Ecological Fund
and refunds expected for some federal roads
built by the state government among them is
Ado-Ekiti/ Ifaki road.
“Fayose should study the handing over note
carefully before making unnecessary noise
about the debt profile of Ekiti. I heard him
saying that the debt profile of Ekiti State now
stands at N84 billion. I want to say that it is
nothing near that figure. We have noticed that
tendency in the past but we have refused to
join issues with him. It is too early for Fayose
to be talking about us. He should understand
that there is a difference between being a
candidate of a party and the Executive of a
state,” Ekundayo said.
He hinted that over N14 billion had been paid
out of the N25 billion raised from the capital
market, advising the new Governor to settle
down for the business of governance rather
than engaging in “cheap propaganda”.
“Fayose should know that he has assumed a
new status now, which is quite different from
where he was before now. What I will advise
him to do now is to settle down and see how
he would improve on the legacies of Kayode
Fayemi administration.
“The truth of the matter is that our government
took N25 billion from the bond market and that
is open to the public and we have paid about
N14 billion out of it and the Federal
Government is owing Ekiti nothing less than
N20 billion. The task of governing Ekiti is not
going to be a tea party,” he warned.
warned to study the Handing-over Note
bequeathed to him by his predecessor, Dr.
Kayode Fayemi, before making contradictory
statements about the debt profile of the State.
The immediate past Commissioner of
Information and Civic Orientation, Mr. Tayo
Ekundayo said the Governor’s claim that Fayemi
left N84 billion debt was reckless and a
calculated attempt to deceive Ekiti people.
He also noted that despite the claim of the
Governor that Ekiti was indebted to the tune of
N84 billion, his inauguration speech put the
figure at N49 billion.
Ekundayo explained that all credit facilities
obtained by the last administration were not
only documented but were also made public.
According to him, Fayemi formally approached
the capital market in Lagos to obtain a N25
billion bond, which he used to finance various
landmarks projects in the state.
The former Commissioner also disclosed that
the Federal Government owed Ekiti State over
N20 billion under the immediate past regime.
“The money is part of unpaid Ecological Fund
and refunds expected for some federal roads
built by the state government among them is
Ado-Ekiti/ Ifaki road.
“Fayose should study the handing over note
carefully before making unnecessary noise
about the debt profile of Ekiti. I heard him
saying that the debt profile of Ekiti State now
stands at N84 billion. I want to say that it is
nothing near that figure. We have noticed that
tendency in the past but we have refused to
join issues with him. It is too early for Fayose
to be talking about us. He should understand
that there is a difference between being a
candidate of a party and the Executive of a
state,” Ekundayo said.
He hinted that over N14 billion had been paid
out of the N25 billion raised from the capital
market, advising the new Governor to settle
down for the business of governance rather
than engaging in “cheap propaganda”.
“Fayose should know that he has assumed a
new status now, which is quite different from
where he was before now. What I will advise
him to do now is to settle down and see how
he would improve on the legacies of Kayode
Fayemi administration.
“The truth of the matter is that our government
took N25 billion from the bond market and that
is open to the public and we have paid about
N14 billion out of it and the Federal
Government is owing Ekiti nothing less than
N20 billion. The task of governing Ekiti is not
going to be a tea party,” he warned.
No comments: