Fayose made his comments on Sunday, June 12, 2016, via a statement issued by his Chief Press Secretary, Idowu Adelusi.
Fayose made his comments on Sunday, June 12, 2016, via a statement issued by his Chief Press Secretary, Idowu Adelusi.
The statement reads in part:
A
state like Ekiti without any industry and Fayemi administration would
post that it realised between N600 million and N700 million monthly from
IGR whereas in the actual sense Ekiti IGR had never gone beyond N300
million or N350 million monthly.
The labour should hold the Fayemi Administration responsible for the economic woes in the state and stop castigating me.
During
my first term, I did not borrow a dime to run the state. I paid
salaries on 22nd of every month. When I was going in October 2006, I
left N10.4 billion in government coffers.
As a
responsible governor, the state cannot be financially buoyant and I will
refuse to pay the workers. A child cannot ask a good father for fish
and the father will give him stone. I have been sounding the warning
about the nation’s economy since last year.
For
the N25 billion bond Fayemi took from the capital market, the state pays
over N600 million monthly to service it and we will pay till 2022. On
the bond money, there is an irrevocable standing order for the monthly
deductions; the Federal Government has no power over that. It was the
commercial loans they took that were converted to bail-out funds by the
Federal Government and we pay over N300 million to service the debts
monthly and that will subsist till 2036.
Also,
they left debts on fertiliser, vehicles purchased for different reasons
and groups and other commitments for which over N100 million is deducted
from our monthly allocation. If these funds are not deducted and we
have them at hand, our situation would have been better than this
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