Debt: Osun assembly directs MDAs to present financial profile, says no cause for alarm

The Osun state house of assembly says there is no cause for alarm over the recent reports on the state’s debt profile.

Speaking with traditional rulers on Thursday, Ademola Adeleke, governor of Osun, had said the immediate past administration took a loan of N18 billion after the July 2022 governorship election.

Adeleke had also said the state is currently indebted to the tune of N407 billion.

However, Ismail Omipidan, former chief press secretary to Gboyega Oyetola, immediate past governor of Osun, had said the N407 billion debt is from the Rauf Aregbesola administration.

Omipidan had also said the Oyetola administration did not take any loan.

Reacting to the development in a statement on Friday, Kunle Akande, the chairman of the Osun assembly’s committee on information and publicity, said appropriate agencies have been directed to provide details on the state’s financial status.

“The State of Osun Assembly has expressed concern over the reactions trailing yesterday’s debt profile declaration by Governor of the State, Sen. Ademola Adeleke,” the statement reads.

“The Assembly, as accredited representatives of the people, is duty bound to seek clarifications and inform the people of the state accordingly.

“In this regard, we have instructed the appropriate agencies of government to immediately furnish the House with the updated details of the state’s debt and financial profile.

“We, hereby, call on all investors and business owners not to be alarmed by the said debt profile of the state.’