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Osun Govt, APC Bicker Over State’s Debt Portfolio

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The Osun State Government and the state’s chapter of the All Progressives Party have expressed divergent opinions with regards to the state’s debt profile.

Olawale Rasheed, the spokesperson for the Osun State Governor, Ademola Adeleke, said the debt portfolio inherited by the present administration has been reduced in the last two years after repayment made by the state government.

While Rasheed blamed the past administration of the state for incurring the debts, the state’s spokesperson for the state APC chapter, Mr Kola Olabisi, urged the state government to desist from blaming the opposition party whenever questions were raised regarding the state’s finances.

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In a statement issued on Sunday in Osogbo, the state capital, Rasheed’s comments come in response to claims in a report published by an online newspaper (not PUNCH) which said Adeleke has added more to the state’s debt burden in the last two years.

READ ALSO: Teachers Day: Adeleke Declares Monday Work-free For Osun Schools

Rasheed, who dismissed the report, said figures from the Debt Management Office indicate the state’s reduced debt portfolio, as he accused the APC of being the unseen hands behind the said report.

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Quoting from the figures released by the DMO, Rasheed said, that as of June 2024, Osun’s domestic and external debts reduced by 42% and 15% in the last two years, respectively.

“The truth remains that the Osun State debt profile has reduced under the leadership of Governor Ademola Adeleke in the last two years. Data doesn’t lie and cannot be hidden.

“The domestic debt of Osun was ₦148.37 billion as of December 2022 but it has now reduced to ₦86.06 billion as of June 2024. In the same manner, the foreign debt as of December 2022 was $91.78 million but it has now reduced to $78.17 million as of June 2024.

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READ ALSO Osun Unveils “C of O In 45 Days” Initiative

“What this also means in terms of figures is that Governor Adeleke has paid back ₦62.31bn as domestic debt and paid off $13.61m in foreign debt. This is the burden the APC-led past administration imposed on the people of the state. If this administration hadn’t inherited those debts, these said amounts would have been better used for the good people of Osun State.

“The online medium failed to do due diligence and published APC’s fabricated fake news. The figures published by the DMO have now exposed the falsehood and fake news. The fact remains that Governor Adeleke has not taken any loans. There is transparency and accountability in this government. We are concerned about the welfare of the people and we will keep doing that,” Rasheed said.

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However, Olabisi, who said the facts available pointed to an increase in the debt portfolio, added that whatever being said by the government about the report was an afterthought.

He said, “Whatever he is pushing to the public now regarding the state debt portfolio is an afterthought which cannot be relied upon. We didn’t cook what was published as it affects the debt portfolio of the state government under Adeleke.

“It is in the public domain already. Where did Olawale (Rasheed) get his figures? It is known to all and sundry. More so, he should stop blaming us for whatever mess they are creating for themselves. They can’t continue to blame us for their ineptitude.”
PUNCH

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Peter Obi Meets US Consul General, Hopes For Credible Polls In 2027

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Chieftain of the Nigerian Democratic Congress, NDC, Peter Obi on Tuesday held a meeting with United States Consul General, Mr Rick Swart.

Obi made this known via his X handle.

READ ALSO:NDC Speaks On Peter Obi, Kwankwaso Joining Party

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He said “This morning, in Lagos, I met with the U.S. Consul General, Mr Rick Swart, where we discussed strengthening the bilateral relationship. We focused on promoting credible elections in Nigeria, ensuring they are free from interference, and fostering a space where all political parties, especially opposition parties can thrive, and contribute.

“We also discussed trade and business opportunities between our countries. Accompanying me to the meeting was Dr Adefolaseye Adebomi Adebayo.

“The discussion was very productive, and we are hopeful that, moving forward, Nigeria’s elections will be even more credible and transparent.”

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BREAKING: 17 ADC Reps Follow Join NDC

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About 17 African Democratic Congress, ADC, lawmakers in the House of Representatives have defected to the Nigerian Democratic Congress, NDC.

This was disclosed by Speaker Abass Tajudeen on the floor of the House on Tuesday.

Tajudeen also announced the defection of Leke Abejide from the ADC to the All Progressives Congress, APC.

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READ ALSO:JUST IN: Why I left ADC For NDC With Kwankwaso – Peter Obi Opens Up

Lawmakers who defected to the NDC include Yusuf Datti, Uchenna Okonkwo, Adamu Wakili, Thaddeus Attah, George Ozodinobi, Lilian Orogbu, Oluwaseyi Sowunmi, Peter Aniekwe, Mukhtar Zakari, George Oluwande and Munachim Umezuruike.

Others are Emeka Idu, Jesse Onuakalusi, Ifeanyi Uzokwe, Afam Ogene and Abdulhakeem Ado.

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This comes barely a day after former presidential candidates Peter Obi and Rabiu Kwankwaso defected from the ADC to the NDC.

Obi and Kwankwaso have pledged to continue their pursuit for a better Nigeria in the NDC.

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JUST IN: Why I left ADC For NDC With Kwankwaso – Peter Obi Opens Up

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A former presidential candidate, Peter Obi, has given reasons why he resigned from the African Democratic Congress, ADC, to join the Nigerian Democratic Congress, NDC, alongside a former governor of Kano State, Rabiu Kwankwaso.

In a long post on X on Monday, Obi insisted it was not out of anger or ambition.

Rather, he said the move is a continuation of the quest to build a new Nigeria.

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Obi wrote: “Yesterday, I formally joined the Nigerian Democratic Congress (NDC), alongside my dear brother, Engr. Dr Rabiu Musa Kwankwaso, with one clear purpose: to continue the struggle for a new Nigeria built on justice, competence, accountability, and compassion for the ordinary Nigerian.

READ ALSO:Peter Obi, Kwankwaso Formally Join NDC, Warn Members Against Litigation

“As I stated yesterday, this decision was not made out of anger, personal ambition, or convenience. It came after deep reflection on the present condition of our nation and the urgent need to rescue Nigeria from the dangerous path it is currently heading.

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“Over the years, I have remained steadfast in my conviction that politics should never be about individuals, positions, or personal gain. It must be about the people, especially the millions of Nigerians who today can no longer afford necessities, whose businesses are collapsing, whose children are losing hope, and whose future is becoming increasingly uncertain.

“I left the ADC for the same reason I left the Labour Party: the severe, orchestrated litigation and internal crises deliberately designed to ensure that I, alongside many other notable individuals, do not effectively participate in the electoral process. I sincerely appreciate and remain deeply grateful to the Leadership of ADC for the opportunity to work together in pursuit of a better Nigeria. I am particularly grateful to ADC Chairman Senator David Mark for his exceptional Leadership. I also deeply appreciate my Leader and elder brother YE, Atiku Abubakar, as well as other respected leaders within the party.

“As we join the NDC, I sincerely appeal to the Nigerian Government against the encouragement of unresolved litigations and the infusion of crises within political parties. Democracy must never become a weapon against the people. A healthy democracy thrives on strong institutions, credible alternatives, and the freedom of citizens to make choices without intimidation, manipulation, or fear. Opposition parties must not be weakened or destroyed, because when democracy loses balance, the people ultimately suffer.

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“Nigeria today is passing through one of the most difficult periods in its history. Poverty is rising. Hunger is widespread. Insecurity continues to threaten lives and livelihoods. Businesses are shutting down daily. Our young people are becoming discouraged, and many citizens have lost faith in the system. At a time like this, leadership must be driven not by propaganda or division, but by competence, capacity, character, and compassion.

READ ALSO:ADC Hails S’Court Verdict On Leadership, Demands INEC Chairman’s Resignation

“Our decision to join the NDC is therefore not an abandonment of values, but a continuation of the same mission we have always stood for: building a Nigeria where leadership is about service, where public resources are managed responsibly, where institutions function independently, and where every Nigerian, regardless of tribe, religion, region, or social status, can live with dignity, security, and hope.

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“I remain committed to working with all Nigerians of goodwill across political, ethnic, and religious lines. The task before us is bigger than any individual or political party. It is about the future of our children and the survival of our dear nation.

“I thank Nigerians, especially our youths and women, for remaining peaceful, resilient, and hopeful despite the enormous challenges confronting the country. I urge you not to lose faith in Nigeria. Nations do not change because people surrender to hopelessness; they change because people continue to believe, continue to sacrifice, and continue to stand for what is right.”

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