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Governor Adeleke, APC clash over alleged attempt to access N56 billion loan facility

The FrontierThe FrontierDecember 30, 2024 3151 Minutes read0

•Governor Adeleke

The All Progressives Congress, APC, and Osun State Governor, Ademola Adeleke today disagreed over the allegation that the Governor is set to obtain an N56 billion World Bank loan facility.

The opposition party, APC noted that the foreign loans obtained by Adeleke after the N56 billion will be staggered to N81.6 billion under his administration, reports Vanguard.

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Addressing newsmen at Tinubu/Shettima campaign office, the Director of Media and Publicity, Chief Kola Olabisi lamented that Adeleke way of obtaining a loan will plunge the state into crisis.

Olabisi said Adeleke secretly obtained N10 billion and N3.92 billion domestic loans in 2023 which made the debt profile of the state grow to N55.3bn.

According to him “As if that was not enough, the state has also failed to address the concern that it secretly signed a $16 million foreign loan facility, an equivalent of N26.6 billion, to fund “Nigeria for Women Project.

“The first phase of the NG-CARES ended in June 2024, however, the Osun State governor, we are aware, has been misled to go for the second phase of the programme. Therefore, the state has signed all relevant documents to signify her intention to participate in the second phase of the NG-CARES programme.

“In total, the state will obtain the sum of $35 million (equivalent of N56 billion) on the NG – CARES facility.”

Reacting through his spokesperson, Olawale Rasheed, the governor described the APC claims as illiterate postulation and misleading.

“Normally we are not surprised, because APC has gotten to a stage in Osun that they have nothing to say again, they cannot fault us on our service delivery, they cannot fault us on governance delivery, good governance across the sector, and we are getting award from far and near.

He queried that “How can you call NG-CARES programme a lian, it is a World Bank project that we even inherited from both former Governors Rauf Aregbesola and, Adegboyega Oyetola. How can you call it our matter? It’s not our matter. It’s a federal matter. There are many illiterate postulations coming from APC.”

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