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Politics Fayemi's Leaving a Debt of N84bn That'll Take 16 Years to Repay - Fayose Cries


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Incoming governor of Ekiti state, Mr. Ayo Fayose has on Tuesday decried the current expenditure of the outgoing Fayemi-led administration. According to him, governor Fayemi handed over an N84 billion debt profile to him.

He said the state had debts owed banks and financial institutions which won't be cleared until 2020.

He said: “they took N31 billion in the first instance and paid about N10 billion and they took another N22 billion loan and the state is having N552 million monthly deficit and the repayment is till 2020.”

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Source: #CKNNigeria

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