With a heavy inherited debt of N220.58 billion, Gov. Oluwarotimi Akeredolu of Ondo State, has advised against acts that could aggravate deeper economic crisis.
Akeredolu said his administration inherited a debt burden of N220.58 billion at its inception.
He unveiled the situation of the treasury at the swearing-in of commissioners and special advisers on Wednesday in Akure.
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.
According to him Internal Debt of N53.15billion constituted almost a quarter of the debt legacy.
Others are External Debt, N17.48 billion; unpaid Salaries and Allowances (August to Dec. 2016), N17.27billion; and unpaid salaries of January and February 2017 amounting to N6,91billion.
The Ondo State Pension Liabilities, N4.80 billion; Ondo State Gratuity, N15.04 billion; unpaid Local Government Salaries and Allowances Aug. to Dec. 2016, N9.3 billion; Jan. to Feb. 2017, N5.19billion.
Local Government Pension Liabilities of N25.23 billion; Local Government Gratuities N20,96billion; Contractors’ Liabilities N39.74 billion; Outstanding payment requests in the Office of the Accountant-General without cash backing, N5.45 billion made up the rest of the debt profile.
However, Akeredolu promised to provide the needed leadership to move the state forward and make life more abundant for the people.
“We will continue to strive to keep that vow within the available resources. We can turn things around positively,’’ he said.
The governor congratulated the commissioners and special assistants, adding that they should use this opportunity to make a difference in the lives of the people.
Mr Femi Agagu, who spoke on behalf of other commissioners, thanked the governor for the privilege given them to serve the people.
“We are aware that your administration has a blueprint to transform the state. Collectively, we will take the state to a glorious destination.
“We pledge to discharge our duties faithfully and with the fear of God. We will defend the oath we have sworn to and we will uphold this honour you have bestowed on us,” Agagu said.
The commissioners are Mr Taofiq Abdusallam, Mr Rasheed Badmus, Mr Solagbade Amodeni, Chief Adegboyega Adefarati, Mr Saka Yusuf-Ogunleye, Mrs Omowumi Olatunji, Mr Donald Ojogo, Mr Yemi Olowolabi and Dr Wahab Adegbenro.
Others are; Mr Funso Esan, Mr Wale Akinterinwa, Pastor Emmanuel Igbasan, Alhaji Olurimisi Ismaila, Mr Femi Agagu, Prof. Bayonle Ademodi, Mrs Julianah Fagbemi, Mr Timilehin Adelegbe and Mr Kola Olawole.
The special advisers sworn in include Mr Victor Olabimtan, Mrs Olubukola Ademosu, Mr Tunji Ariyomo, Mr Tobi Ogunleye, and Mr Akinboye Oyewunmi.
Others are Dr Olawunmi Ilawole, Dr Jibayo Adeyeye, Mr Tunji Fabiyi, Mr Alaba Isijola, and Mr Raheem Aminu.
Former Gov. Olusegun Mimiko handed over to Akeredolu on Feb.24, 2017.
Mimiko’s Commissioner for Information, Mr Kayode Akinmade, has promptly reacted to the debt allegations, saying that his boss left N20 billion in the kitty of the state government.