From Wole Balogun, Ado Ekiti

Ekiti State Government has refuted claim that the state borrowed N56 billion since Governor Ayodele Fayose assumed office.

It also debunked report that another N25 billion loan has been applied for and said, “the only loan taken by Fayose’s administration was the N10 billion grant from the Excess Crude Account, released to states for capital projects, N2.8 billion requested from Wema Bank to pay State Universal Basic Education Board (SUBEB) counterpart fund, out of which N1 billion has been accessed and N600 million for Millennium Development Goals (MDGs) counterpart fund, which has been repaid.

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“The report, attributed to the Debt Management Office (DMO) was orchestrated from the media office of the Minister of Mines and Steel Development, Dr. Kayode Fayemi, who is obviously struggling, albeit, unsuccessfully to redeem his battered image by trying to change the narrative from the debt he plunged Ekiti State to, and the wanton looting of the treasury when he was governor.

“We are aware of how Fayemi’s media handlers tried yesterday, to get the false report published in major newspapers, claiming that they had a classified document from the DMO.”

Special Assistant to Fayose on Public Communications and New Media, Lere Olayinka, who reacted to the report in a statement, yesterday, said: “There is no recent bulletin from the DMO website concerning debt owed by any state as claimed in the false report. Nigerians, especially Ekiti people, can visit the DMO website: https://www.dmo.gov.ng/debt-profile/domestic-debts for further clarification.