We Have Never Borrowed a Kobo”. Adeleke says Amidst Loan Projections.

Ademola Adeleke

In 2023, it was reported that Osun state governor, Ademola Adeleke secured the sum of N10,022,382,348.40 billion loans from foreign bodies and organizations to be used for projects across the state.

A separate document titled 2023 Citizens Budget tagged ‘Budget of Consolidation’ prepared by the state Ministry Econimic Planning, Budget and Development, which was equally uploaded on state government site revealed how the government will source for loans from the foreign bodies for several projects.

The State Government was projected to receive N10.71 billion which bulk of it will come from the World Bank while others will come from the Islamic Development Bank.

Meanwhile, At the ‘Ipade Imole’ held in Ilesa, Governor Ademola Adeleke during debunked these claims, he said: “In all our governance activities so far, let it be known that we have never borrowed a kobo. This is in line with our pledge to govern.”

Still on this, he went on to add, “Within our available resources as we manage the huge liabilities we inherited from the previous government. If anybody tells you this administration has borrowed money, tell the person he is a liar.”

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