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Yoruba Nation: Governor Adeleke Takes Pre-emptive Security Measures, Appeals for Dialogue | Governor Adeleke Hails CCC Wonderland Shepherd, Abraham Olumide Gangbe, on His Birthday | You lied, Adeleke’s commitment to workers welfare unbroken, | Sexual Violence Against Women: Governor Adeleke Sets up Action Committee | Ilesa Accident: Governor Adeleke Approves Expansion of Ilbodi-Ilesa Road, Creation of Trailer Park | EID-EL-FITR: “KEEP PRAYING FOR US”, GOVERNOR ADELEKE TELLS MUSLIM FAITHFUL. | Governor Adeleke Mourns Late Royal Father, HRH, Olaoye Oyelayo | Governor Adeleke Felicitates Dr. Muyiwa Oladimeji on his Birthday | Governor Adeleke Tasks Ibadan Disco on Power Supply to Osun, Unveils Power Sector Agenda | IFRA PLAN – Osun Government Charges Contractors On Quality And Timely Delivery | Osun government begins dredging of waterways | Governor Adeleke Expresses Shock and Sadness over Tragic Ilesa Accident, Directs Transportation Commissioner to Investigate | Governor Adeleke Celebrates Ebenezer Obey at 82 | Governor Adeleke Enforces New Retirement Age for Teaching Profession | Governor Adeleke celebrates Hon. Moji Omisore on her birthday | Adeleke’s Spokesperson Says Governor is Fixated on Selfless Service, Punctures Opposition Lies | Easter / Eid-ul-Fitr: Governor Adeleke Recommits to Physical and Stomach Infrastructure, Commences Distribution of Rice | Governor Adeleke Condoles Oluwo, Iwoland Muslims Community Over Demise Of Chief Imam | GOVERNOR ADELEKE EXTOLS PRESIDENT TINUBU AT 72 | Senator Adeleke felicitates with Senator Ajagunla Olubiyi on his birthday

Breaking News

Yoruba Nation: Governor Adeleke Takes Pre-emptive Security Measures, Appeals for Dialogue | Governor Adeleke Hails CCC Wonderland Shepherd, Abraham Olumide Gangbe, on His Birthday | You lied, Adeleke’s commitment to workers welfare unbroken, | Sexual Violence Against Women: Governor Adeleke Sets up Action Committee | Ilesa Accident: Governor Adeleke Approves Expansion of Ilbodi-Ilesa Road, Creation of Trailer Park | EID-EL-FITR: “KEEP PRAYING FOR US”, GOVERNOR ADELEKE TELLS MUSLIM FAITHFUL. | Governor Adeleke Mourns Late Royal Father, HRH, Olaoye Oyelayo | Governor Adeleke Felicitates Dr. Muyiwa Oladimeji on his Birthday | Governor Adeleke Tasks Ibadan Disco on Power Supply to Osun, Unveils Power Sector Agenda | IFRA PLAN – Osun Government Charges Contractors On Quality And Timely Delivery | Osun government begins dredging of waterways | Governor Adeleke Expresses Shock and Sadness over Tragic Ilesa Accident, Directs Transportation Commissioner to Investigate | Governor Adeleke Celebrates Ebenezer Obey at 82 | Governor Adeleke Enforces New Retirement Age for Teaching Profession | Governor Adeleke celebrates Hon. Moji Omisore on her birthday | Adeleke’s Spokesperson Says Governor is Fixated on Selfless Service, Punctures Opposition Lies | Easter / Eid-ul-Fitr: Governor Adeleke Recommits to Physical and Stomach Infrastructure, Commences Distribution of Rice | Governor Adeleke Condoles Oluwo, Iwoland Muslims Community Over Demise Of Chief Imam | GOVERNOR ADELEKE EXTOLS PRESIDENT TINUBU AT 72 | Senator Adeleke felicitates with Senator Ajagunla Olubiyi on his birthday
Improving Public Finance For Better Governance: The Example Of The State Of Osun
Webmaster January 17, 2014

Improving Public Finance For Better Governance: The Example Of The State Of Osun

wale bolorunduroOsun State Commissioner for Finance, Dr. Wale Bolorunduro yesterday chided critics of the Rauf Aregbesola’s administration over the state’s debt, saying the allegations were untrue.

Bolorunduro, who delivered a monthly lecture of the Correspondents’ Chapel of the Nigeria Union Journalists (NUJ), held in Ibadan, spoke on the topic: “Improving Public Finance for Better Governance: The Example of The State of Osun,”described the allegation as unfounded.
According to him, no financial institution in Nigeria could grant such an amount as loan. He described those making the allegation as ill-informed and unnecessarily sensational in their allegation.
“I wonder what they are saying, I think what they (opposition) didn’t know is the dynamics of public financing, which our governor is injecting into the system,” he said.
He nevertheless explained that instead of going to the banks, “we went to the capital market and registered a programme and before you know it, we have raised enough money needed for the development of our state.”
Speaking on the state of the Nigerian economy, Bolorunduro said in order to take Nigeria to where it should be, the economy should be allowed to work.
The commissioner added: “If we must develop as a nation, we must find local lasting solution to our peculiar problems. We must endeavor to do things differently to change the scenario for the better.”
Furthermore, he pointed out that the Aregbesola administration was focused on zero-based budgeting which promotes value for money expected to lead to economic growth and development.
He disclosed that the debt sustainability plan done by the state government had shown that the sum of N60 billion was needed to turn round the state within 10 years.
“Apart from Lagos State, we (Osun) are the only state that has done debt sustainability plan for 10 years.
“If there must be development in Nigeria, it must come from the states and it would be through infrastructural development that will stimulate investments,” he declared. We must endeavour to do things differently,” he declared.
THISDAY 

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