Wednesday, 23 March 2022

Oyetola met N200b debt, says DMO.....Agency slams Aregbesola’s ex-commissioner


The  Debt Management Office (DMO) yesterday chided ex-Commissioner for Finance, Budget and Economic Planning Wale Bolorunduro over utterances on Osun State debt profile.

Bolorunduro, who served under the administration of Rauf Aregbesola, had accused the administration of Governor Adegboyega Oyetola of releasing jaundiced figures, in a bid to stain Aregbesola.

He said: “The loan deduction on the first bond of N30billion was N640million monthly. It ceased since July 2019. So, Governor Oyetola must have borne the burden for only nine months. I expect total repayment on this to be about N6billion, the loan deduction on the second bond (N11.4billion) was about N320million monthly and it has stopped since March 2020. So, Governor Oyetola couldn’t have borne it for more than 17 months. So, I expect total to be about N5billion. "

But the DMO Director General, Tunde Adejumo, said in a statement: “The debt portfolio passed by the last administration to the current government in the state is in excess of N200billion.


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