Fayemi’s Government Syphoned Ekiti Allocation – Oguntuase

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The Peoples Democratic Party (PDP) has criticised the All Progressive Congress(APC)governorship candidate, Dr Kayode Fayemi for lavishing allocation meant for the development of Ekiti State.

Making this accusation was the Chairman of Ekiti State chapter of the People’s Democratic Party (PDP), Gboyega Of unfused, who said that during the governorship administration of Dr. Fayemi from 2010 and 2014, he failed to make meaningful impact despite receiving N165 billion as allocations.

However, Oguntuase lauded the performance of outgoing Ekiti State governor, Ayodele Fayose and insisted that he has devoped the state positively.

“In 2011, Fayemi got N40.5 billion as monthly statutory allocations. In 2012, he got N39.8 billion. In 2013, he got N44.3 billion and in 2014, he got N40.1 billion. Whereas, the Fayose administration got N28.2 billion in 2015, N18.8 billion in 2016 and N25.6 billion in 2017.

“Apart from the above monthly allocations, Fayemi still got regular funds from the Excess Crude Oil Account, IGR among others. Despite what Fayemi got, he still borrowed N25 billion from the Capital Market and took N31 billion commercial loans. The question is, what did he do with the money? Nothing. The N25 billion bond and commercial loans, through which he mortgaged the finances of our state for 20 years, were spent on nothing.”

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