Immediate past governor of Osun State, Gboyega Oyetola, said on Sunday he left N14 billion in the state’s account for his successor, Ademola Adeleke.¹
Oyetola said this in handing over note, noting that his administration paid N97 billion out of the debt it inherited in 2018.
He also stressed that his administration did not secure any bond or loan to finance the statecs economy throughout his four years in office.
He said: “We are leaving behind a cash balance of more than N14 billion.
“In addition to the N14 billion cash, another N8 billion is being expected between December and January 2023 from our performance in States Fiscal Transparency, Accountability and Sustainability programme (SFTAS) and from Internally Generated Revenue.
“For four years, we did not take any bank loan.
“We benefitted from the N3 billion monthly interventions by the Federal Government to all the states for six months to cushion the effect of deductions of budget support facility and salary bailouts taken by the previous administration.
“We paid N97 billion from the total debt we inherited in 2018.”
The ex-governor further revealed that the state would as well get $72 million from other programmes and the federal government’s NG-CARES programme, among others.
“These are earned, based on performance. And we have indeed performed to earn them,” Oyetola added.
The ex-governor, had earlier expressed optimism that his mandate would be restored by the tribunal.