8.4 C
New York
Wednesday, October 16, 2024

N84bn Debt: Group Berates Fayemi, Urges Support For Fayose

Published:

- Advertisement -

LATEST NEWS

- Advertisement -spot_imgspot_img

governor-fayemi-750x400

The Ekiti Democratic Coalition (EDC) has described the N84bn debt left by the immediate past government of Dr Kayode Fayemi as alarming, saying; “Ekiti people should not relent in praying for the new government of Dr Ayodele Fayose, because the task before him his daunting considering the State messy financial status.”

Rising from its meeting in Ado-Ekiti on Saturday, EDC, in a statement issued by its Coordinator, Comrade Aderemi Olaleye said “only a visionless and wicked government will plunge a State into such a huge debt that cannot be repaid until year 2020.”

The group, which sympathized with Governor Fayose on the challenges of governing Ekiti State and delivering on his electoral promises, added that; “we know that it is very daunting task for a populist governor like Fayose to be able to deliver on his electoral promises, bearing in mind the huge financial mess the State was plunge into by the immediate past government.

READ ALSO  BREAKING: Fresh Blackout Hits Southeast as Systems Collapses Again

“However, we are sure that Fayose, as a man of destiny will get help from God and he will succeed.”

While hinting on the possibility of seeking intervention from financial regulators in the country on the huge loans, EDC said there was need to know how the huge loans were granted by the financial institutions, and whether or not due process was followed.

- Advertisement -spot_img

Hey there! Exciting news - we've deactivated our website's comment provider to focus on more interactive channels! Join the conversation on our stories through Facebook, Twitter, and other social media pages, and let's chat, share, and connect in the best way possible!

Join our social media

For even more exclusive content!

- Advertisement -spot_img

TOP STORIES

- Advertisement -spot_img
- Advertisement -

Of The Week
CARTOON

247Ureports Protects its' news articles from plagiarism as an important part of maintaining the integrity of our website.