Governor Ibikunle Amosun of Ogun State has put the state’s local debt at N103 billion and N107 million dollars, for the foreign debt.
Amosun made this known, while answering questions from members of the Ogun State civil societies, during a conversation with the governor at the June 12 Cultural Centre, Kuto, Abeokuta.
The Governor explained that, his administration inherited N86 billion debt from the Daniel administration in 2011.
He assured that the state government could pay back the debt, with the N123 billion it is expecting from the federal government, as refund for the re-construction of federal roads across the state.
Meanwhile, the Governor said his administration will construct more new roads across the state before he leaves office on May 29, 2019.
The Governor promised to complete the on-going projects, including the Kuto flyover bridge project, which he said will be ready by December, while N18 billion was voted for the on-going N23 billion Sagamu-Ogijo road, before its takeover by the federal government.
Also, the governor explained that, any building below 10 storey will not be allowed at the Abeokuta City Centre project.
He, however said, his administration has paid about N14 billion to owners of property, whose structures paved way for road upgrading across the state.Please subscribe to our newsletter