Osun State Governor, Sen. Ademola Adeleke has revealed that the State’s official debt was to the tune of N407.32 Billion.
Adeleke disclosed this on Thursday during a meeting with Osun State Traditional Rulers in Osogbo the State Capital.
It was gathered that the purpose of the meeting was to officially greet the monarchs and also to present the official debt profile left by the immediate past administration.
Speaking on the debt list provided by the Accountant General of the State, Adeleke said “My administration inherited eight outstanding loan facilities, apart from salaries and pension debts, from Governor Oyetola’s administration. The repayment period ranges from 16 months to about 28 years”.
He also added that a large portion of this particular loan was taken after July 16th, 2022 election and there was no information on the Repayment terms.