365news gathered that Adegboyega Oyetola, a former governor of Osun State, claimed that his administration left N14 billion in cash in the state treasury.
Oyetola added that his administration paid N97 billion from the debt it inherited between 2018 and the time of his departure, and that it did not borrow any money from banks.
In his parting speech, Oyetola also mentioned how his administration improved Osun’s economy through people-centered programs, according to a statement made public by his chief press secretary, Ismail Omipidan, on Sunday.
The statement, quoting Oyetola further read in part, “For four years, we did not take any bank loan facility. But we benefitted from the N3bn monthly intervention from the Federal Government to all the states for six months to cushion the effect of deductions of budget support facility and salary bailout accessed by the previous administration, just as we have paid N97bn from the total debt we inherited in 2018.
“We are leaving behind cash of over N14bn. In addition to the N14bn cash, another N8bn is being expected between December and January from our performance in SFTAS and the IGR.
“Also, another $72m will come to the state soon from Ramp 3, NG-Cares, Nigeria for Women Project and Ease of Doing Business. These are earned, based on performance. And we have indeed performed to earn them.”
