Ekiti State Governor, Kayode Fayemi, has put the debts left behind by his predecessor, Ayodele Fayose, at N155,791,785,214.08.
Mr Fayemi said this on Thursday while delivering the State of the State address at the State House of Assembly as his administration clocked 100 days in office.
He said he inherited “a state that was in total chaos and a people severely disorientated under a suppressive government who had raised and promoted deceit into statecraft.”
The sum was the total debt profile of Ekiti State as at 16th October, 2018, the governor said.
Speaker of the House, Adediran Alagbada, said that the immediate past administration of Mr Fayose, denied the House members their salaries and furniture allowances despite making appropriations that covered such expenses.
Fayemi disclosed that Ekiti under Fayose received N184.83 billion as income between 2014 and 2018; noting that the former governor had no reason to owe salaries.
Though borrowing is in itself not a bad thing, Fayemi said, borrowing to fund self-serving and unproductive projects is unpatriotic.
He said the debt profile was a product of the audit carried out by Pricewater Coopers (PWC).
The governor stated that he had used the first 100 days of his administration to “lay the needed foundation to restore our values and restore Ekiti State to its rightful position in the comity of States.”
He added, “This is our first stewardship in the series of others to be witnessed in the life of this administration in the
“As a government, we are more interested in building and strengthening institutions rather than wielding powers or
