Breaking News

Osun begins Interview for shortlisted Teachers across the State | GOVERNOR ADELEKE MOURNS PASSING OF OBA OMOLOSO MAKANJUOLA | GOVERNOR ADELEKE CELEBRATES APC’s NATIONAL SECRETARY, AJIBOLA BASIRU, ON HIS BIRTHDAY. | Governor Adeleke Congratulates Adeniyi on his Appointment as Chair of World Customs Council. | Osun State Marks a Groundbreaking June in Climate Leadership and Renewable Energy. | GOVERNOR ADELEKE CELEBRATES REP. OMIRIN ON HIS BIRTHDAY. | GOVERNOR ADELEKE EULOGISES SPEAKER EGBEDUN AT 40 | GOVERNOR ADELEKE EXTOLS EX-DEPUTY GOVERNOR, ERELU OBADA AT 74. | GOV. ADELEKE DECLARES FRIDAY, JUNE 27, 2025, AS PUBLIC HOLIDAY TO MARK HIJRAH 1447AH | Hijrah 1447: Governor Adeleke Felicitates with Muslim Ummah. | GOVERNOR ADELEKE GREETS CHIEF OF STAFF TO PRESIDENT, FEMI GBAJABIAMILA, AT 63. | GOVERNOR SANWO-OLU AT 60. | Osun LGs: Governor Adeleke Restates Commitment to Peaceful Resolution | Governor Adeleke Eulogises Sister, Yeyeluwa Modupeola Adeleke-Sanni on her birthday | Governor Adeleke Eulogises Sister, Yeyeluwa Modupeola Adeleke-Sanni on her birthday. | Tinubu Minister Commends Governor Adeleke for Rapid State Development | GOVERNOR ADELEKE FELICITATES OBA AKANBI AT 58. | Governor Adeleke Honoured with Award of Excellence on Climate Action at OAU International Conference. | Don’t pay Osun Local Government Fund into Private Accounts, LG Commissioner Warns CBN, AGF | OYEBAMIJI IS A FALSE ALARMIST, PEDDLING FALSEHOOD TO SHORE UP HIS DESTINED-TO-FAIL ASPIRATION– Spokesperson. | OSUN LOSES ES, COUNCIL FOR ARTS AND CULTURE AS GOVERNOR ADELEKE COMMISERATES WITH OBA ABOLARIN.
94fc63e8-8847-4eeb-8e94-cc64e0906a1b-3
System Analyst December 8, 2024

Debt Profile: Data by DMO Validates Osun’s Success on Debt Management – Governor Adeleke’s Spokesperson

NEWS RELEASE

OSOGBO – 08/12/2024- Osunstate.gov.ng

The Spokesperson to Governor Ademola Adeleke of Osun State, Mallam Olawale Rasheed has said that data released by Debt Management Office has vindicated the Adeleke led administration on the debt profile of the state.

He added that as against the falsehood published by certain online news platforms and amplified by the All Progressives Congress (APC), State External Debt according to the DMO has reduced by 15% while Domestic Debt reduced by 42%.

Stating this in a statement issued on Sunday, Mallam Olawale Rasheed said that the Domestic debt of Osun was ₦148.37 billion as at December 2022 but reduced to ₦86.06 billion as at June 2024 while Foreign Debt as at December 2022 was $91.78 million but reduced to $78.17 million as at June 2024.

He said, “The truth remains that Osun State Debt profile has actually reduced under the leadership of Governor Ademola Adeleke in the last two years. Data doesn’t lie and cannot be hidden.

“The Domestic debt of Osun was ₦148.37 billion as at December 2022 but it has now reduced to ₦86.06 billion as at June 2024. In the same manner Foreign Debt as at December 2022 was $91.78 million but it has now reduced to $78.17 million as at June 2024.

“What that means is that the Domestic debt of Osun reduced by 42% and also the External debt reduced by 15% within two years of our administration.

“What this also mean in terms of figures is that Governor Adeleke has paid back #62.31billion as domestic debt and paid off $13.61million in foreign debt, this is the burden the APC led past administration imposed on the people of the state. If this administration didn’t inherit those debt, these said amounts would have been better used for the good people of Osun state.

“The online medium failed to do due diligence and published APC’s fabricated fake news. The figures published by the DMO has now exposed the falsehood and fake news.

“The fact remains that Governor Adeleke has not taken any loan. There is transparency and accountability in this government. We are concerned about the welfare of the people and we will keep doing that”, the Spokesperson was quoted as saying.

Signed:
Mallam Olawale Rasheed
Spokesperson to Governor Adeleke

Leave a Reply

Your email address will not be published. Required fields are marked *