Re-Kayode Ojo’s Campaign of Calumny: Oyebanji Administration Says Debt Profile Reduced
By Ojo Ayodeji
The government of Ekiti State has denied claims that it secretly arranged a ₦90 billion bond with private individuals and a former governor by Kayode Ojo Campaign Organization, describing the allegation as “baseless and libelous.”
In a statement signed by the Special Adviser to the Governor on Information, Rt. Hon. Taiwo Olatunbosun on Wednesday in Ado-Ekiti, the government noted that Ekiti’s domestic debt has actually reduced significantly from ₦118 billion in September 2022 to ₦51 billion as at March 2025.
The statement stressed that the figures are publicly available through the Debt Management Office (DMO), adding that it would be illogical to allege a ₦90 billion bond when the state’s total domestic debt is far less.
On infrastructure, Olatunbosun explained that road projects worth over ₦200 billion had been awarded across the state, covering more than 350 kilometres. Of these, 126 kilometres have been completed while others are ongoing, including the Ado-Ekiti overhead bridge, which is already at 60 per cent completion.
The government said the Oyebanji administration would continue to manage public finances prudently and deliver projects that impact the lives of residents.
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