Osun borrowed N10bn in 2023, plans more borrowings in 2024 By Adebayo Adedeji

Facts have emerged that the Osun State Government under the headship of Senator Ademola Adeleke received a loan of N10,022,382,348.40 ( N10bn) in Y2023.

The loan, described in the 2023 Budget Performance report of the state as Capital Development Fund, was borrowed from international financial institutions purportedly to enhance the infrastructure of the state.

This revelation has given the lie to the boast of the state governor, Adeleke, that his government has not obtained any loan to execute its projects.

Similarly, another document has also revealed that the state government is planning to borrow additional N50.4bn in Y2024.

These borrowings are despite the big Internal Generated Revenue ( IGR) of N39.5bn and federal allocation of N141bn that accrued to the state in 2023 and for which the state governor has failed to account.

Comments

Olohunlalaro Distributes Free Fuel to Over 3,000 Commercial Transport Operators in Ikirun

In a continued demonstration of his commitment to grassroots empowerment and the welfare of the people, Alhaji Abdulraheem Muhammed Saheed Omokehinde Akofe (Olohunlalaro) today distributed free fuel to over 3,000 commercial transport operators in Ikirun, Ifelodun Local Government Area of Osun State. The beneficiaries, comprising commercial motorcycle (Okada) riders, Korope drivers, and Keke (tricycle) operators, received free fuel as part of Olohunlalaro’s sustained efforts to cushion the effects of the current economic realities and support the livelihoods of transport operators across the community. Following the accreditation of beneficiaries at Holy Trinity Middle School, Oke Afo, Ikirun, the fuel distribution exercise was successfully carried out at the following designated filling stations: * NNPC Garage, Ikirun * Sunbeth Energies, Ikirun * Edunjobi Filling Station, Ikirun The well-organised programme attracted thousands of beneficiaries and party supporters, further ...

"Alleged Sabotage at Olaiya Flyover: A Desperate Attempt to Discredit

The recent damage to the Olaiya Flyover appears to be a deliberate act of sabotage aimed at tarnishing the structure's integrity. This incident follows the APC's press conference, where they alleged that the state government planned to damage the flyover to justify the impending failure of their own projects at Oke-fia and LAMECO. The two flyovers under construction at Oke-fia and LAMECO have encountered significant technical issues, potentially jeopardizing their success. It seems that some individuals are attempting to preemptively discredit the Olaiya Flyover, which has withstood criticism and scrutiny. A closer examination of the video footage reveals evident human interference and intentional damage, rather than an accidental occurrence. Fortunately, the targeted section is non-structural, and the attack will not compromise the flyover's stability. The public should be aware of the desperation of certain government officials to discredit the Olaiya Flyover ...

Power Outage: Ife-North Local Government Residents Shower Encomiums on Oyetola...........as govt releases funds to refurbish damaged facilities

... Oyetola has rekindled our dashed hope after 8 months of darkness, says Apetumodu As the Osun State Government completes all the required processes to ensure immediate restoration of electricity to the seven notable communities of Ife-North Local Government Area that have been in total darkness for eight months, the residents of the areas on Monday showered encomiums on the Administration of Governor Adegboyega Oyetola for always meeting them at the point of need. The residents who trooped out en masse upon sighting government officials who had come to Moro, the site of electricity sub-station, to assess the damaged electricity facilities for immediate repair, commended government for its commitment to the people's welfare and well-being. This is even as Apetumodu of Ipetumodu, Oba Joseph Olugbenga Oloyede, said the gesture had rekindled the collective hope of the people of the areas who had been in darkness for about eight months. The move to ensure the immediate r...

Oye 4 Osun media hub

Search This Blog