Debt Profile: DMO Data Validates Osun’s Success On Debt Management – Adeleke’s Spokesperson
The Spokesperson to Governor Ademola Adeleke of Osun State, Mallam Olawale Rasheed has cautioned the opposition All Progressives Congress against spreading lies on the debt profile of the state.
Rasheed said as against the falsehood published by certain online news platforms and amplified by the All Progressives Congress (APC), the data released by the Debt Management Office has vindicated the Adeleke-led administration.
According to a statement on Sunday by the spokesperson, the External Debt of the state according to the DMO has reduced by 15% while Domestic Debt reduced by 42%.
The statement added that the Domestic debt of Osun was ₦148.37 billion as at December 2022 but reduced to ₦86.06 billion as at June 2024 while Foreign Debt as at December 2022 was $91.78 million but reduced to $78.17 million 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. Data doesn’t lie and cannot be hidden.
“The Domestic debt of Osun was ₦148.37 billion as at December 2022 but it has now reduced to ₦86.06 billion as at June 2024. In the same manner Foreign Debt as at December 2022 was $91.78 million but it has now reduced to $78.17 million as at June 2024.
READ ALSO
•Edo Guber Candidate Bags Six-Month Jail For Calling Married Woman Prostitute
•Trigger-Happy Policeman Kills 17-Year-Old Boy
“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 means 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.
“The online medium failed to do due diligence and published APC’s fabricated fake news. The figures published by the DMO have now exposed the falsehood and fake news.
“The fact remains 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”, the Spokesperson was quoted as saying.
Olamilekan Adigun is a graduate of Mass Communication with years of experience in journalism embedded in uncovering human interest stories. He also prioritises accuracy and factual reportage of issues.
