Fayemi’s Aide Debunks Fayose’s Claim On Ekiti Debt Friday, 17 October 2014 By Muyiwa Adeyemi EKITI State Governor Ayodele Fayose has been advised 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.
Posted on: Sat, 18 Oct 2014 04:20:59 +0000
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