Osun State Governor, Ademola Adeleke, has denied taking any secret foreign loan since assuming office, describing the claim as fake news.\n<\/p>\n
This was contained in a statement signed by the governor\u2019s spokesperson, Olawale Rasheed, and obtained by The PUNCH <\/em>in Osogbo on Tuesday.\n<\/p>\n The governor\u2019s response followed a recent publication of the state\u2019s foreign 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 30 June 2026 puts Osun State\u2019s total external debt at $101.70m, compared with $75.14m recorded as of 31 December 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 $67.60m in December 2024 to $94.15m in June 2026.<\/p>\n \u201cIts bilateral debt also recorded a marginal increase, moving from approximately $7.54m to $7.55m within the same period,\u201d the statement read. <\/p>\n Clarifying the details of the debt profile, Adeleke stated that the DMO had 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 the DMO in its report.\n<\/p>\n \u201cThe 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 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 in compliance with due process.\u201d\n<\/p>\n He also noted that his administration had not taken any external loan as part of its strategy for sustainable management of 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 any secret foreign loan since assuming office, describing the claim as fake news. This was contained in a statement signed by the… <\/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-14599","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/14599","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=14599"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/14599\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=14599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=14599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=14599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}