Ak­eredolu ly­ing about Ondo’s debt pro­file, says PDP

The Punch - - NEWS - Peter Dada, Akure

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.”

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