The Oyo State Deputy Governor of Oyo State, Engineer Rauf Olaniyan on Friday said that the Governor Seyi Makinde adminstration was forced to borrow money for developmental projects.
He noted that the monthly allocation the state receives from the federal government is insufficient.
Olaniyan made the remarks while addressing journalists at his Jericho Ibadan residence Friday evening.
The Deputy Governor, who said that the internally generated revenue in the state was also not enough, added that the monthly allocation the state is receiving from the federal government is decreasing on daily basis, which made the state government to embark on borrowing of money to embark on some developmental projects.
Olaniyan further said that during the last administration, there was Paris club, excess crude oil and some overpayment refund which made the last administration of Senator Abiola Ajimobi to embark on some developmental projects.
Olaniyan said, “Allocation coming from Abuja cannot take us to any meaningful developmental level. The IGR is not increasing, the federal monthly allocation is decreasing on daily basis.
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“When late Ajimobi was in power, there was Paris club, there was excess crude oil money, there were some overpayment which Oyo state government was refunded. But, there is nothing like those money now. They are not even enough talk more of excess. At that time, if was overflowing but, now it is not enough.
“That is the reason government has to borrow money to embark on some developmental projects.
“The man sitting on the table is the driver, he sees things that we don’t see. If you say that we don’t have to borrow, tell us the alternative. He is the one driving us, and he will drive us to the promised land.
“The people of Oyo state have elected us, they should give us the chance, we will not betray them. They should give us the support to deliver”.
Olaniyan urged the people of the state to continue to leave in peace.
“We should continue to leave in peace. Oyo State belongs to all of us. As journalists, if you see something that is good, tell us, if you see something that is bad, tell us,” he added.