Wednesday, 17 June 2015
We inherited N42.6 billion debt from bank loans and bonds from the APC government.- Ekiti Government
Ekiti has been under the media's scrutiny because it is in debt to State Government workers for an alleged three months.
Lere Olayinka, the Special Assistant on Public Communications and New Media to the Governor, released a statement that said only the May 2015 salary was owed by the Ekiti Government, led by Governor Ayo Fayose.
Olayinka clarified that the immediate past government of Kayode Fayemi refused to pay workers the August and September 2014 salaries despite having the federal funds for those months.
He also stated, "the Fayose-led government had already cleared the August 2014 salary left unpaid by the APC government, leaving that of September that will be paid as soon as there is improvement in the State finances."
For the May salary that went unpaid he said, "allocation of May that was received was not enough to pay salary, leaving the government with the option of waiting for the June allocation that is expected to be released next week."
“As at the time we assumed office, unpaid bank loan was N15,831,613,425,.62 while outstanding payment from the N25 billion bond was N26,749,796,784.75, making N42.6 billion debt from bank loans and bonds alone.”
“N21, 286, 126, 729 was outstanding payment to road contractors while N5, 137, 888, 224.37 was outstanding emoluments to State public servants,” Olayinka said.
Olayinka said that the mismanagement of Ekiti State finances by the past government is the reason why the Ekiti is in such a bad state. Moreover, Governor Fayose has been fighting with legislators for a long time over many various issues.
But with optimism the aide said Fayose, with the cooperation of the workers, is expecting Ekiti and the State government to bounce back from previous financial irresponsibility.
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