Fayemi, Fayose disagree over Ekiti debt profile

Ekiti State Governor, Dr. Kayode Fayemi Ekiti State Governor, Dr. Kayode Fayemi
| credits: www.ynaija.com

Ekiti State Governor, Dr. Kayode Fayemi, and the Governor-elect, Mr. Ayodele Fayose, have disagreed over the debt profile of the state.

Fayose, who on Wednesday raised a nine-member transition committee for the smooth takeoff of his administration on October 16, described the debt profile of the state “as worrisome and not promising.”

Members of the committee, which is to embark on a fact-finding mission about Ekiti State financial standing, are Chief Dipo Anisulowo (Chairman), Mrs. Modupe

Alade (Secretary), Kola Oluwawole, Owoseeni Ajayi, Rev. Wale Komolafe, Mr. Biodun Alasoluyi, Benjamin Komolafe, Seye Alade and Dayo Ajayi.

Lamenting the debt profile, Fayose said: “The current government of Governor Fayemi has plunged Ekiti into a huge debt and our money is being deducted from the source. Available records show that Fayemi has taken N25bn loan and only N8bn has been paid back. This is very disturbing and worrisome.

“They are also diverting the money for salaries to pay contractors that had not been on the ground in the last one year, so that they can incur a huge debt just for Fayose not to have a smooth sail.

“When I left government, I left the sum of N10.4bn in the coffers apart from the fact that we did well. But today, we are inheriting debt. I have to let our people know because of the expectations in town; Ekiti situation is not promising at all because there is no magic to perform when there is no money.

“But the APC must realise that they will still need the Ekiti people they are trying to punish again and it will be wrong to toy with their future. So, I plead with Fayemi to pay the salaries of workers,” Fayose advised.

But the Ekiti Commissioner for Information, Mr. Tayo Ekundayo, advised Fayose to stop causing confusion and wait until he takes over before he starts making policy statements.

According to him, about N14bn has been paid back out of the N25bn bond taken by Fayemi’s administration.

He said, “Does Fayose have the account of the state? We have never hidden anything from the people. He is a governor-elect and he must not jump the gun.

“He cannot be commenting on an issue he has no record about. He must stop making comments until he takes over to ask about the finances of the state.”

Ekundayo added that the government had not taken other loans apart from the N25bn that was borrowed from the capital market.

-The Punch

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