a huge debt to pay


SUBMITTED BY: pinnacleseth

DATE: Sept. 4, 2017, 2:27 p.m.

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  1. But his claim about the debt legacy was promptly attacked by a former commissioner for information during the Mimiko administration, Kayode Akinmade, who said that Mr. Mimiko left N20 billion in the kitty of the state government. Akinmade skirted the issue of debt and also did not explain why Mimiko failed to match the N38.64 billion left in the kitty of the state government by his predecessor, Governor Olusegun Agagu.
  2. Mr. Akeredolu said with a debt of more than N220 billion, it was not difficult for anyone to know that the government’s capacity for adjustment to cater for the people had been stretched to its limit.
  3. According to him, Internal Debt of N53.15 billion constituted almost a quarter of the debt legacy.

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