As the race to occupy the Osun State Government House draws nearer, accusations and counter accusations have continues to trail political camps each passing day. The Chairman of
What is your take on the SDP governorship candidate's accusations of the present administration considering his involvement in it at inception?
An honest man would not pick information and intentionally misinterpret it for cheap political points. Neither
How has the state been able to cope with the prosecution of its programmes of activities in the face of economic downturn?
To start with, the Osun State government, like any other good administrator, leverages on present value of money, plans her cash flow and manages same efficiently for optimal financial benefits. In order to hedge against spiral inflationary trend in the country, and the cost implication on same, the government innovatively and intelligently leverages on its robust relationship with the financial institutions in the country. The unparalleled financial strategies of the current administration has been receiving lots of commendations with several awards and emulated by some other visionary leaders in and outside the country. Effective financial planning supported with ingenious financial management and leveraging is certainly the pillar of economic developments in advanced countries like
Are there any observable lapses in the previous administration's approach on the economy?
It is rather unfortunate that Mr. Akinwusi who had ample opportunity to counsel the PDP administration in the state during his time as Head of Service failed to advise the previous administration to save the extra revenues the state collected from Excess Crude Federation Account (amounting to over N40 billion). Instead, the fund was frittered away while Akinwusi was a prominent member of the Funds Allocation Committee of the state. It was learnt that Mr. Akinwusi couldn't have offered any sincere advice given that he also benefited through many proxy companies and projects (such as Staff Development Centres etc).
What do you see as a mark of difference in the two administrations?
In contrast, Ogbeni Rauf Adesoji Aregbesola denied himself and saved the excess crude funds for the state and encourages the local governments to also save theirs. The total savings built up to about N30 billion. The governor consequently created
How would you react to accusations of huge debt of about N350billion leveled by the oppositions, especially SDP and PDP?
The fabricated huge debt portfolio of N350billion always mentioned by Mr. Akinwusi is quite amusing. As I had mentioned earlier in several interviews and public addresses, the whole banks in the country put together cannot afford to lend such a colossal amount as loan to a single borrower, and neither can any state in the country be adjudged buoyant enough to access such huge amount from the country's capital market. This is so given the regulatory frameworks guiding borrowing from money and capital market, as well as state's financial transactions.
You were quoted as saying that all the monitoring agencies cleared the state from the highly indebted states?
For instance, the Central Bank of
How have the state being coping with pensioners' problems on arrears?
On the issue of the N1 billion loan accessed by the state for pension liabilities, aside from that the state's huge pension liabilities were product of the last administration under Akinwusi, it should be noted that this money was credited directly about five weeks ago to the savings accounts of the pensioners, as further payments to them. So it is quite laughable that some charlatans would call this provision for forthcoming polls.
Would you expatiate because you made some reference to the former Head of Service who is now the SDP governorship candidate on the issue of gratuity?
I am sure Akinwusi would have learnt the tenets of responsibility under Aregbesola, and this is why am surprised that a man, who collected his gratuity upfront and converted his outstanding leave to cash, could be this ungrateful to his master. All these benefits he processed before his last days in office despite his failure to run efficient, transparent pension scheme and follow contributory pension law of the state. He could not also save to take care of the surge in the pension despite his introduction of Contributory pension scheme. His intention for forcing many workers to leave the state's service without providing for the surge could better be imagined. Osun currently has the biggest pension bill that is next to
A bank guarantee is proposed to be issued in favour of
Federal Government of
With the dwindling federal allocation, how have you been able to pay workers?
One also wonders why the state's concern and effort to pay salary before receipt of the monthly allocation from the Federation is being viewed as election financing. The usual delay in receipt, and unprecedented dwindling in the monthly allocation from the Federation account is a national issue and trivializing this issue for politics shows that SDP candidate is an unserious technocrat.
But Mr. Akinwusi made comments alleged that there is renegotiation of obligations?
On Akinwumi's comments on the purported renegotiation of existing obligations. Assuming there is need for renegotiation, the Nigerian money market is perhaps one of the most volatile, and efficient management of loan portfolio requires some very rare savvy and ingenuity, such that may not be comprehensible to Mr. Akinwusi. How is renegotiation for more favourable terms be interpreted as fresh loan for election financing?. I wish to use this medium to reemphasize that the current administration does not need to spend a fortune to facilitate re-election of Ogbeni Rauf Adesoji Aregbesola; his tremendous and unprecedented achievements over the last 42 months are convincing testimonies. It is very obvious that Mr. Segun Akinwusi who could not easily interpret simple financial indices and understand the rationale behind some financial strategy definitely lacks the mental capacity to administer the rapidly growing state of Osun.
All opponents certainly have realized by now that the PDP administration of seven and half years, is nothing but a siege against development and good governance. The veil of blindness has however been lifted and no amount of blackmail and campaign of calumny could any longer blindfold the citizens of the State of Osun. They see clearer and clearer by the day. Ofcourse, There is a clear difference between light and darkness. Rebirth of
Most Popular Stories
- Americans Still Pessimistic Despite Economic Growth
- Obama's Delay on Immigration Creates Uncertainty
- Obama on Labor Day: Don't Take Rights for Granted
- New Hershey's Logo Revealed
- Buyer's Remorse on Common Core for Policymakers?
- California Passes First US Statewide Bag Ban
- Mexico's Pemex Forecasts 6.7% Drop in 2014 Crude Production
- American Airlines Back on Obitz
- Echeveste Steps Down, Perez Steps Up at VPE
- Startups Offer Smartphone Banking Apps