Ekitit Debt Profile: Fayose Should Get His Facts Right Before Making Comments – Fayemi

Dr Kayode Fayemi, the immediate past governor of Ekiti State, has urged his successor, Ayo Fayose, to carefully study the handing-over note given to his administration, which was inaugurated on Thursday before making “reckless” comments.

Fayose had in his inaugural speech said that the debt profile of Ekiti State had risen to N84 billion, saying that none of the state’s accounts had more than N1 million balance.

Reacting to the development on behalf of Fayemi, Commissioner for Information under the ex-governor’s rule, Mr Tayo Ekundayo explained that all credit facilities obtained by the Fayemi administration were documented and also made public.

Ekundayo said Fayemi formally approached the capital market to obtain a N25 billion bond which he used in financing various landmark projects in the state, out of which N14 billion has been paid.

“Fayose should study the handing-over note carefully before making unnecessary noise about the debt profile of Ekiti. I have heard him saying that the debt profile of Ekiti State now stands at N84 billion. I want to say that it is nothing near that figure. We have noticed that tendency in the past but we have refused to join issues with him.

“It is too early for Fayose to be talking about us. He should understand that there is difference between being a candidate of a party and executive of a state.

“Fayose should know that he has assumed a new status now, which is quite different from where he was before now. What I will advise him to do now is to settle down and see how he would improve on the legacies of Kayode Fayemi administration,” Ekundayo said.

He also claimed that the Federal Government owed Ekiti State about N20 billion.


  1. Wat do u expect from an illiterate like fayose, he should allow doe knoledgeble in his regime guide him to how a govr is expected to talk and behave when d situation arise.


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