Akeredolu lying about Ondo’s debt profile, says PDP
THE Ondo State chapter of the Peoples Democratic Party has accused the Rotimi Akeredolu government of lying about the debt profile of the state.
The state Commissioner for Information and Orientation Donald Ojogo claimed on Monday the immediate past PDP administration headed by Olusegun Mimiko in the state left a debt of N220bn.
In a statement by a former Commissioner for Information in the state, Kayode Akinmade, on Tuesday, the PDP said the ruling All Progressives Congress government failed the present the facts and figures of the finances of the state.
According to him, the Olusegun Mimiko government left N20bn in the coffers of the state.
The PDP chief said, “For the avoidance of any doubt, our administration left about N20bn in the coffers of the state in February 2017. This include N7.37bn in the current account; N7.53bn as fixed deposit; N1.2bn in the MDG account; $346,000; and €443,000 in the domiciliary account, including the N825m Sure-p fund at the local government account.
“Our administration did not incur any foreign debt. The external debt stock as of February 2017 was $49,958,268.49. The external debt stock was inherited from the previous administrations. Again, we did not contract any external loan. Well aware of the fact that government is a continuum, we continued to service the debts, some of which spanned over 20 years.”
The ex-commissioner said only seven-year bond was directly incurred by the Olusegun Mimiko government to build infrastructure across the state.
He urged the people of the state to find out the true state of the previous administration’s indebtedness from the Debt Management Office and the Nigeria Extractive Industries Transparency Initiative.
Akinmade said, “The reports are clear and unambiguous about the fact that Ondo State remained the state that borrowed the least money of the six Southwest states and the nine oilproducing states as of the time of our administration’s exit in February 2017. This, in all modesty, must say a lot about our debt management record.”