Femi Makinde, OsogboOsun State Governor, Mr. Rauf Aregbesola, has said that the state’s debt profile is not as huge as the “opposition parties” claim. Akintayo said that Osun State’s total indebtedness was N143.6bn — and not N300bn or N500bn as claimed by some members of the opposition parties. Akintayo said, “Total debt of the State of Osun was N171.4bn in the last seven years. A sum of N28bn has been paid, leaving a balance of N143.6bn debt.”Aregbesola, who corroborated the accountant-general’s figure, said the state would repay the debt fully by 2019. Adagunodo said that Osun State would continue to repay some of the funds borrowed for the next 23 years.

Source: Punch May 14, 2018 12:33 UTC