Fayemi replies Fayose on Ekiti debt profile
font size decrease font size increase font size Print Email
18.Oct.2014
Sam Nwaoko - Ado Ekiti
Rate this item1 2 3 4 5 (0 votes
Says ‘debt nothing near N84bn’
IMMEDIATE past governor of Ekiti State, Dr Kayode Fayemi, has urged his successor, Mr Ayo Fayose, to study the handing-over note given to the new administration before passing comments on the outgone government.
The former governor described as “reckless,” comments credited to Governor Fayose in his inaugural speech suggesting that the debt profile now stands as N84 billion.
Fayemi’s Commissioner for Information, Mr Tayo Ekundayo, said all credit facilities obtained by their administration were not only documented, but were also made public.
According to him, Fayemi formally approached the capital market to obtain a N25 billion bond which he used in financing various landmark projects in the state.
He also claimed that the Federal Government owed Ekiti State as much as N20 billion under the immediate administration.
“Fayose should study the handing-over note carefully before making unnecessary noise about the debt profile of Ekiti. I have heard him saying that the debt profile of Ekiti State now stands at N84 billion. I want to say that it is nothing near that figure. We have noticed that tendency in the past but we have refused to join issues with him.
“It is too early for Fayose to be talking about us. He should understand that there is difference between being a candidate of a party and executive of a state,” he said.
According to Ekundayo, over N14 billion has been paid out of the N25 billion.
“Fayose should know that he has assumed a new status now, which is quite different from where he was before now. What I will advise him to do now is to settle down and see how he would improve on the legacies of Kayode Fayemi administration,” the former commissioner said.
Sam Nwaoko - Ado Ekiti
Rate this item1 2 3 4 5 (0 votes
Says ‘debt nothing near N84bn’
IMMEDIATE past governor of Ekiti State, Dr Kayode Fayemi, has urged his successor, Mr Ayo Fayose, to study the handing-over note given to the new administration before passing comments on the outgone government.
The former governor described as “reckless,” comments credited to Governor Fayose in his inaugural speech suggesting that the debt profile now stands as N84 billion.
Fayemi’s Commissioner for Information, Mr Tayo Ekundayo, said all credit facilities obtained by their administration were not only documented, but were also made public.
According to him, Fayemi formally approached the capital market to obtain a N25 billion bond which he used in financing various landmark projects in the state.
He also claimed that the Federal Government owed Ekiti State as much as N20 billion under the immediate administration.
“Fayose should study the handing-over note carefully before making unnecessary noise about the debt profile of Ekiti. I have heard him saying that the debt profile of Ekiti State now stands at N84 billion. I want to say that it is nothing near that figure. We have noticed that tendency in the past but we have refused to join issues with him.
“It is too early for Fayose to be talking about us. He should understand that there is difference between being a candidate of a party and executive of a state,” he said.
According to Ekundayo, over N14 billion has been paid out of the N25 billion.
“Fayose should know that he has assumed a new status now, which is quite different from where he was before now. What I will advise him to do now is to settle down and see how he would improve on the legacies of Kayode Fayemi administration,” the former commissioner said.
