Dr Ayodele Fayose, the immediate past Governor of Ekiti State, has said that the current governor of the state, Dr. Kayode Fayemi, was only trying to cover up his 100 Days of failure by lying that his administration incurred N155 billion’s debt.
In a reaction to Fayemi’s revelation on the debt he left in Ekiti, Fayose, while speaking through his spokesman, Lere Olayinka gave this position by saying no amount of falsehood can diminish the outstanding achievements of the Fayose-led government.
He added that: “when a governor goes about advertising signing of 2019 budget as a major programme of his 100 Days in office, such a Governor should be pitied and on this one, we can only pray for the reconstruction of the lying mind of Dr John Kayode Fayemi”.
Speaking further, Mr. Lere Olayinka said: “on September 8, 2018, Fayemi said Ekiti debt was N117 billion. On October 17, 2018, the same Fayemi claimed the debt was N170 billion. Today, he is talking about N155 billion, so which one should the public believe?”
The former governor’s spokesperson insisted that Ekiti State was not committed to any financial institution in form of bonds and commercial loans, pointing out that the State’s indebtedness was under N60 billion and that the debt was either directly incurred during Fayemi’s first tenure or as a result of loans restructuring done at the instance of the federal government and the Federal Economic Council.
He gave the breakdown as follows; Commercial Bank Loan – N2,087,788,065.28; CBN Grant for Water Project – N163,450,000; Excess Crude Account Backed Loan – N9,545,173,472.78; Bailout – N9,083,761,215.40; FGN Bonds – N18,226,699,707.18; State Bonds -N3,484,469,345.51 and Budget Support – N16,869,000,000.
Olayinka, who said having failed in his first 100 days, it was not too late for Fayemi to stay in Ado Ekiti and govern the State instead of turning himself to a “Diaspora Governor”, running Ekiti from Abuja, added that “he (Fayemi) is reputed for cooking up figures to perpetrate digital stealing and that explained his N700 million website as Minister of Mines and Steel Development.”
Packaged by Emmanuel Adeniran
