Gboyega Oyetola: I left N14 billion for Ademola Adeleke

Alhaji Gboyega Oyetola, the outgoing governor of Osun, claims that he left his successor, Sen. Ademola Adeleke, N14 billion in the state's coffers.

Alhaji Gboyega Oyetola, the outgoing governor of Osun, claims that he left his successor, Sen. Ademola Adeleke, N14 billion in the state’s coffers.

On Sunday, Oyetola’s media aide, Mr Ismaila Omipidan, published his farewell message in Osogbo, saying that his administration had paid off N97 billion in debt inherited in 2018.

Oyetola stated that his administration did not take out any loans to fund the state’s economy, emphasising that he stayed true to his word and did not break any of his pledges during the election.

“We are leaving behind a cash balance of more than N14 billion.

“In addition to the N14 billion cash, another N8 billion is expected between December and January 2023 from our performance in States Fiscal Transparency, Accountability and Sustainability programme (SFTAS) and Internally Generated Revenue.”

The States Fiscal Transparency, Accountability and Sustainability (SFTAS) programme is an official initiative to improve state governments’ openness, accountability, and long-term fiscal health.

“For four years, we did not take any bank loan.

“We benefitted from the N3 billion monthly interventions by the Federal Government to all the states for six months to cushion the effect of deductions of budget support facility and salary bailouts taken by the previous administration.”

In 2018, “we paid N97 billion of the whole debt we inherited,” he said.

The departing governor also mentioned that the state is expected to receive an additional $72 million from various sources, including the Federal Government’s NG-CARES programme.

“These are earned, based on performance. And we have indeed performed to earn them,” he emphasised.

Oyetola added that the state’s economy was strengthened by the many projects it undertook to benefit the population and centred on the needs of the people, all of which were carried out quickly.

During his term as governor, he said, the economy of Osun stabilised, and the state’s gross domestic product grew by a staggering amount.

Despite all the obvious social and economic issues faced by the state, he said that Osun was more stable economically than he had found it in 2018.

He claimed he was able to hold within himself the worries and ills of budgetary irresponsibility and a failure to implement, both of which impeded the timely completion of projects and the provision of promised services.

“As I step aside today following the conclusion of the four-year tenure you freely gave me, I thank God and the people of Osun for your support, cooperation and prayers over the years.

“I recall how the journey began four years ago; by your belief in me and your conviction in the plans and programmes of our party, the All Peoples Congress (APC), you exercised your right to vote for me.

“As we draw the curtains on this first tenure, we are convinced that we neither reneged on our promise nor disappointed you.

“We kept faith with you and maintained fidelity with our electoral promises,” Oyetola assured residents.

Although he wanted to keep serving the people of Osun, he said he couldn’t because of the results of the July 16 governorship election, which he claimed he was already disputing in court.

“As a law-abiding citizen and government, we are stepping aside to allow the law to take its course.

“We look forward to continuing to serve you in no distant future.” 

In the same breath that he said, “We have absolute trust in God that we shall be back soon,” he added, “We have implicit trust and confidence in the Judiciary to do justice in the case before it.”

Oyetola added that he had faith that the brief political eclipse would end.

“The sun shall shine again, brighter and warmer, and the sustainable development and participatory governance that we enthroned, which local and international organisations applauded, shall be restored and put on a surer and better footing.

“There can be no substitute for people-oriented and development-savvy governance in a democracy.

“The taproots of the unprecedented good governance, inclusive and participatory governance that we introduced, which delivered massive equitable projects and programmes, are too strong to be uprooted.”

As his first term came to a close, he informed the people of Osun that the state’s economy was more stable than it had been in 2018 and that Osun had remained the most peaceful state in the country thanks to his administration’s efforts.

Oyetola emphasised that he showed responsible stewardship by demonstrating that Osun could be sustained economically through strict financial management and personal sacrifice.

“On behalf of our team, I appeal to you all to continue to be law-abiding and to work assiduously to build the Osun of our dreams.”

For the sake of “our collective good and that of posterity,” he said, “Together, we shall continue to mend the broken walls of our dear state and restore her glory.”

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