Obaseki opens up, reveals how Oshiomhole plunged Edo into debt

Governor Godwin Obaseki has revealed how his predecessor, Adams Oshiomhole plunged Edo state into huge debt through reckless borrowing during his administration.

Obaseki who disclosed this during a governorship debate organized by Channels TV on Sunday, said the former National Chairman of the All Progressives Congress, Oshiomhole plunged the into serious debt to the tune of N120 billion.

On the economic agenda, Obaseki said his predecessor, Oshiomhole borrowed recklessly that the federal government had to restructure outstanding obligations to Edo State to the tune of N30 billion.

“My predecessor in office borrowed recklessly and the Federal Government had to restructure all the debts had been taken before I came into office.

“The Federal Government restructured outstanding obligations to Edo State to the tune of almost N30 billion and that is what was responsible for adding to the debt stock not the borrowings from this administration,” he said.

The governor said Edo’s debt moved to N120 billion and that he had been able to reduce the debt stock.

But the All Progressives Congress, APC, governorship candidate, Pastor Osagie Ize-Iyamu countered Obaseki, saying that it is scandalous for him to attribute the huge debt to Oshiomhole because he, Obaseki was the Chief Economic Adviser at the time.

“It is scandalous to attribute the huge debt to a predecessor that you were the Chief Economic Adviser to. Sometimes you seem to forget the role you played in the past government.

“In the agricultural sector, the loan that the governor has collected is staggering. The failed SUBE Project, two million went down the drain. The Agenegbode Rice Project, five billion went down the drain.

“The oil-palm project, he collected N69 billion from the central bank and the money has been shared to cronies,” he said.

Advertisement