Osun State Governor, Ademola Adeleke, has denied taking secret foreign loans since assuming office, describing claims that he borrowed secretly as fake news.\n<\/p>\n
This was contained in a statement signed by the spokesperson for the governor, Olawale Rasheed, and obtained by PUNCH in Osogbo on Tuesday.\n<\/p>\n
The governor\u2019s response followed a recent publication of the state\u2019s external debt stock by the Debt Management Office, which showed an increase of approximately $26.56m between December 2024 and June 2026.\n<\/p>\n
\u201cThe DMO\u2019s external debt stock report as of June 30, 2026, puts Osun State\u2019s total external debt at $101.70m, compared with $75.14m recorded as of December 31, 2024. The difference represents an increase of approximately $26.56m within 18 months.<\/p>\n
\u201cA breakdown of the DMO figures shows that the state\u2019s multilateral debt increased from approximately 94.15m in June 2026. Its bilateral debt also recorded a marginal increase, moving from approximately 7.55m within the same period,\u201d the statement read.<\/p>\n
Clarifying the details of the debt profile, Adeleke said the DMO reflected the $25.8m external loan taken by the previous administration for the Rural Access and Agricultural Marketing Project. <\/p>\n
Adeleke said, \u201cThe loan repayment had matured by December 2025, hence its inclusion by DMO in its report.\u201d<\/p>\n
The governor further submitted that there are four similar external loans by the previous administration which have matured for repayment and which may soon be reflected in the state\u2019s external debt stock.\n<\/p>\n
\u201cThe above clarification is necessary to set the records straight. If at all, our administration is to take loans for any reason, it will be open to the public with utmost transparency and compliance with due process,\u201d he said.\n<\/p>\n
He also noted that his administration had not taken any external loan as part of its strategy for sustainably managing state resources.\n<\/p>\n
He chided those accusing the state government of secretly taking foreign loans, describing them as ignorant of the statutory procedures for applying for and accessing foreign loans.\n<\/p>\n
Source: <\/p>\n
Osun State Governor, Ademola Adeleke, has denied taking secret foreign loans since assuming office, describing claims that he borrowed secretly as fake news. This was contained in a statement signed… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-14467","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/14467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=14467"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/14467\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=14467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=14467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=14467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}