By Funmi Ojo
The Spokesperson to Governor Ademola Adeleke of Osun State, Mallam Olawale Rasheed says the data released by Debt Management Office has vindicated Governor Adeleke-led administration on the debt profile of the state.
He said as against the falsehood published by an 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%.
In a statement, Mallam Rasheed noted that the Domestic debt of Osun was 148.37 billion naira as at December 2022 but reduced to 86.06 billion naira as at June 2024 while Foreign Debt as at December 2022 was 91.78 million dollars but reduced to 78.17 million dollars 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 as data doesn’t lie and cannot be hidden.
“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.
Mallam Rasheed pointed out that the online medium failed to do fact check adding 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”.
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