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Ogun Owes N8.8bn Domestic Debts

Ogun Owes N8.8bn Domestic Debts Between December 2020 And March 2022

Ogun Owes N8.8bn Domestic Debts Between December 2020 And March 2022

Ogun State has emerged as having the second highest domestic debts among the 36 States and Federal Capital Territory, as at March, this year.

The data indicates that Ogun State Government owed N88.48 billion domestic debts, between December 2020 and March this year.

According to the Debt Management Office (DMO), Lagos State which owed N780.48 billion beats Ogun State to the second place, while Rivers was the third as at March 2022.

The data shows that Ogun State’s domestic debt was N241.98 billion as at March 2022.

Read also: Ogun Asks Civil Servants To Develop Themselves To Improve Performance

This, according to the data represents a drop in the State domestic debts from N241.97 billion in March 2021, which further declined to N241.78 billion in June 2021.

As at December 2021, the State’s domestic debt further declined to N232.62 billion.

The State’s domestic debts shortly after the Abiodun admnistration took over from Amosun admnistration was N153.49 billion as at December 31, 2020.

Recall that we reported that…

2023: Ogun APC Passes Vote Of Confidence On Abiodun

The Ogun State APC has passed a fresh vote of confidence in governor Dapo Abiodun.

The vote of confidence is contained in a communique issued at the Party’s monthly State Executive Committee meeting held on Wednesday, in Abeokuta, the State capital.

The secretary of the State APC, Aderibigbe Tella, in the communique, said the meeting presided over by the State Chairman, Chief Yemi Sanusi, was confident of victory in the 2023 polls.

According to the communique, APC is well prepared for robust door-to-door campaigns that will lead the Ogun APC to overwhelming victory at the coming general elections.

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