Osun Gov. defends debt profile, says the figure exaggerated

Osogbo, March 24, 2017 (TNE) Gov.  Rauf Aregbesola of Osun has stoutly defended the debt profile of the state, even as he believes that the figure has been exaggerated.

A statement by Mr Semiu Okanlawon,  the Director of Bureau of Communication and Strategy, quoted the governor as making the  observation on Thursday in Osogbo at  a  seminar organised for information officers in Local Governments  and Local Council Development Areas  in the state.

The governor said the N165 billion debt profile of the state  being touted as huge was “ nothing”  compared with the development that the state had witnessed in the last six years.

He stated that if the N165 billion debt was divided by the four million population of the state, the burden each person would bear out of the debt was N2,031.25 annually.

The governor said:  “To analyse this alleged 165billion debt, Osun is made up of four million people.

“Four million residents are here in Osun and this debt anyway has been transformed largely to a bond organised by Federal Government that would last for 20  years.

“Let us now divide N165billion by four  million people for 20 years.

“To help you mathematically; this will give  N2,031.25 as cost of N165billion debt to every resident of Osun per annum.

“Ironically, this debt that people are shouting and crying about summed up to N5.56 kobo  per person daily.

“This practically means that every Osun resident carries a burden of N5.56 kobo  per day.

“This government we are talking about that puts burden of N5.56kobo  to every citizen of the state  thus feeds every pupil in the public school with N70 every school day.

“That government guarantees security for every citizen and the cost for security cannot be determined.

“That government ensures that roads are increasingly getting better.

“That government provides access to rural areas.

“That government ensures that Osun school functions at the best form and also guarantees water supply.

“That government guarantees sanitation and  that in practical economic terms, is far beyond what  an individual must have to give on a daily basis.”

He urged  Information Officers in councils  to see themselves as information specialists  committed to  adequately reporting  government activities in the nooks and crannies of the state.


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