Connect with us

Politics

Makinde’s ₦500bn Debt Burden Raises Concerns, Says Olowofela

Published

on

…accuses governor of using Ajimobi as diversion from economic mismanagement

A Federal Commissioner at the Federal Character Commission (FCC), Prof. Adeniyi Olowofela, has accused Oyo State Governor, Seyi Makinde, of using the late former Governor Abiola Ajimobi to divert attention from what he described as the state’s worsening debt crisis under the current administration.

In a statement on Sunday and exclusively obtained by Mega Icon Magazine, Olowofela, a former commissioner for Education, Science and Technology under Ajimobi’s administration, said Makinde’s penchant for borrowing has reached alarming levels, with over ₦500 billion allegedly incurred in debts between May 2019 and June 2025.

This comes just days after the Oyo State House of Assembly approved yet another ₦63 billion loan request by Governor Makinde, reportedly earmarked for the renovation of the Government House.

The ex-council chief questioned the rationale behind such a huge loan for what he called a “cosmetic” project at a time when residents are grappling with poverty and food insecurity.

“It is on record that Governor Makinde has borrowed over ₦500 billion in six years. Now he wants another ₦63 billion just to renovate the Government House, yet he blames Ajimobi for the state’s financial woes,” Olowofela said.

According to him, the claim that the state is still struggling to repay debts incurred by Ajimobi is misleading. He clarified that the ₦7 billion agricultural loan procured under the Ajimobi administration was never accessed, as Governor Makinde, shortly after winning the 2019 election, instructed the bank not to release the funds to the outgoing government.

He noted that despite being the main beneficiary of the facility, Makinde’s government has yet to channel the funds into the intended agricultural projects in Akufo and Ibarapa six years later.

On the controversial World Bank-funded flood control initiative, Olowofela noted that while Ajimobi’s government accessed only 14 percent of the $200 million loan, the Makinde administration had drawn down the remaining 86 percent. He argued that this disqualifies Makinde from shifting blame to his predecessor for debts that largely benefited his own government.

“Logically speaking, if Governor Makinde is repaying these loans, then he is paying for funds he has spent. Crying foul is therefore diversionary and politically self-serving,” he said.

The federal commissioner also took a swipe at the Makinde administration for allegedly seizing a property belonging to the late Ajimobi, located near the Government House. He called for the immediate release of the property to the family of the late governor, urging the governor to rise above politics and act as a statesman.

“It’s been six years since Ajimobi left office and five years since his passing. If Governor Makinde still blames him for his own rudderless leadership, then perhaps he needs the services of a necromancer to resurrect Ajimobi,” he said.

He warned that any successor to Makinde in 2027 would need to be an “economic wizard” to salvage the state from its current fiscal trajectory.

“The people of Oyo State must begin to ask hard questions about the true state of our public finances and the priorities of those who lead us. Spending ₦63 billion on a building while the people go hungry is not governance — it is misplacement of priorities,” Olowofela concluded.

Comments

Politics

Adeleke: I Had No Electoral Deal With ADC

Published

on

OSUN State Governor, Ademola Adeleke, has denied having any electoral agreement or partnership with the African Democratic Congress before, during or after the August 15 governorship election.

Adeleke made the clarification on Tuesday in a post on his verified X handle, saying his victory was achieved through the support of God and the people of Osun State.

The governor said the ADC was not part of the political coalition that campaigned and mobilised support for his re-election, describing the group of political allies that worked for his victory as a “rainbow coalition.”

He said, “I had no electoral deal or partnership with the ADC before, during, or after the governorship election.”

Adeleke added that it was important to put the record straight, stressing that the ADC was not part of the coalition that campaigned and mobilised support for his re-election.

“For the sake of history, it is important to clarify that the ADC was never part of the rainbow coalition that canvassed, mobilised, and supported our campaign in the battle leading to last Saturday’s election,” he said.

The governor thanked his political allies for their sacrifices and efforts during the campaign, noting that their commitment contributed to his victory at the poll.

Adeleke, who called for unity after the election, said he remained governor of all Osun residents regardless of their political affiliation, religion or tribe.

“Now that the election is over, I remain the Governor of all Osun people, irrespective of political affiliation, religion, or tribe. My commitment is to unite our people and continue working for the progress and prosperity of Osun State,” he said.

Adeleke defeated the All Progressives Congress candidate, Bola Oyebamiji, and the ADC candidate, Najeem Salaam, in the keenly contested election.

The governor polled 511,067 votes to defeat Oyebamiji, who scored 444,815 votes, while Salaam secured 17,180 votes.

Adeleke won in 19 of the 30 local government areas in the state, while Oyebamiji won the remaining 11.

Continue Reading

Politics

Adeleke Reaffirms Tinubu Endorsement After Osun Victory

Published

on

Osun State Governor Ademola Adeleke has renewed his endorsement of President Bola Tinubu for a second term in 2027, barely hours after he was declared winner of Saturday’s governorship election.

Adeleke, who secured a second term in office, also commended Tinubu for what he described as his support for a free, fair and credible electoral process.

The governor spoke in Osogbo on Sunday while reacting to his victory, which he dedicated to the people of Osun State.

“At this point, I must deeply appreciate Mr President, His Excellency Senator Bola Ahmed Tinubu, for his strong support for a free and fair election,” Adeleke said.

“Mr President is a son of Osun State. And I hereby reaffirm my earlier endorsement of him for a second term in the 2027 presidential election.”

Adeleke thanked the people of the state for standing by him, saying their resilience and commitment to democracy had helped to produce the outcome of the election.

“In the last few months, Osun people have been under very intense pressure. Today, the issues are settled by the grace of God and the people.

“I therefore dedicate this victory to the good people of Osun State. I deeply appreciate your resilience, your strong will and your unwavering commitment to democracy,” he said.

The governor promised not to disappoint the electorate, saying his administration would build on its achievements and address areas where it had fallen short.

“As you have trusted me again for the second term in office, I will not disappoint you. To serve you better, I will reinforce my strong points and correct my errors,” Adeleke stated.

He also pledged to pursue accelerated development across the state under his renewed five-point agenda.

The Independent National Electoral Commission declared Adeleke the winner of the election in the early hours of Sunday.

The Returning Officer, Prof. Joshua Ogunwole, announced in Osogbo that Adeleke polled 511,067 votes to defeat the All Progressives Congress candidate, Bola Oyebamiji, who scored 444,815 votes.

The candidate of the African Democratic Congress, Najeem Salaam, came third with 17,180 votes.

A total of 1,005,800 votes were cast across the 30 local government areas of the state, while 985,079 votes were declared valid.

INEC said 1,010,684 voters were accredited for the election, which was contested by candidates of 15 political parties.

Adeleke’s victory secures another four-year term for him and further strengthens his political position in Osun ahead of the 2027 general elections.

Continue Reading

Politics

Tinubu tasks INEC, security agencies on credible Osun election

Published

on

President Bola Tinubu has charged the Independent National Electoral Commission and security agencies to ensure a peaceful, transparent and credible governorship election in Osun State.

Tinubu made the call in a statement issued on Friday by his Special Adviser on Information and Strategy, Bayo Onanuga, ahead of Saturday’s poll.

The President urged INEC to uphold the integrity of the electoral process and ensure that voters are allowed to freely choose their preferred candidate.

“As the people of Osun State head to the polling units to elect who will govern them in the next four years, I call on the Independent National Electoral Commission to ensure orderly conduct of the election.

“The election must be transparent, free and fair. I urge INEC to ensure the integrity of the process,” he said.

Tinubu also urged the electoral commission to use the Osun election as an opportunity to demonstrate its preparedness for the 2027 general elections.

“INEC must use this last off-cycle election as a test case to demonstrate to Nigerians their full preparedness for the 2027 polls,” the President added.

The President also charged the Inspector-General of Police, Tunji Disu, and other security chiefs deployed for the election to provide adequate security at polling units and prevent attempts to disrupt the exercise.

“I have charged the Inspector-General of Police and other heads of security outfits taking part in the election to provide maximum security at polling units. No room should be allowed for troublemakers to disrupt the process,” Tinubu said.

He stressed the need to protect voters and electoral officials, urging residents to participate in the election without fear or intimidation.

“Electoral officials and voters must be protected so they can perform their civic duties without fear or intimidation. Voters should feel confident to go out in their numbers to vote for the candidate of their choice, as all measures necessary to ensure a peaceful, free and fair election have been put in place.

“Our elections must be credible, and the outcome of the Osun Governorship election must reflect the will of the people,” he said.

Tinubu further urged voters to exercise their civic responsibility peacefully and avoid actions capable of undermining the conduct of the election.

More than 25,000 security personnel have been deployed across the state for the poll, while INEC has said preparations are on course.

With 15 candidates on the ballot, the election is expected to be keenly contested as voters across the state’s 30 local government areas elect a governor for the next four years.

Continue Reading

Advertisement

Entertainment

Advertisement

MegaIcon Magazine Facebook Page

Advertisement

MEGAICON TV

Advertisement

Trending