Fayose, Fayemi bicker over Ekiti indebtedness The immediate past governor of Ekiti State, Mr. Kayode Fayemi, yesterday debunked claims of financial recklessness levelled against his administration, saying that the state is indebted to the tune of N36.317 billion as at October 15, 2014, when he left office, against an indebtedness of N57 billion. Reacting to allegations by the present governor, Mr. Ayo Fayose, who put the state’s debt profile at N57 billion, Fayemi said the total loan package comprises N28.485 billion internal loan and N7.83 billion foreign loans incurred by previous government since the days of the old Ondo State. He said Ekiti State’s internal loan include inherited loans from previous government and outstanding balance (debt) of the bond taken at the capital market. This will definitely hinders Fayose from discharging his duties as a governor. And it is exactly what is happening in our be-loved Kaduna state.
Posted on: Mon, 20 Oct 2014 08:54:34 +0000
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