Aregbesola confirms longevity of state’s loans payment

Governor of Osun State, Ogbeni Rauf Aregbesola on Saturday confirmed the longevity of payment of several loans incurred by his administration, which according to him will take many decades.

He declared that his conviction about the indispensable nature of education in human development made him to take long time loans to build schools.

” I have taken long time loans to build schools, which will be paid by these children. They will pay it with ease”.

Aregbesola made this known at a calisthenics display by students and pupils from various schools across the state, to mark this year Children’s Day in Osogbo, the Osun State capital.

He emphasised the need for every child to have access to basic education for the purpose of mental development and strengthening of human personalities, saying it is their “fundamental and inalienable rights.”

The Governor maintained that children were custodians of the future and prosperity, hence the necessity of protecting them jealously.

He described calisthenics as a sport with imprint of cognitive instrument to develop mental and physical ability.

“We are giving quality education to our children as a right, where science and technology take number one”.

DAILY POST recalls that the Osun State chapter of the Peoples Democratic Party (PDP) had recently accused Governor Rauf Aregbesola of “mortgaging the future of the state through huge loans” due for repayment till 2042.

The Chairman of the party, Mr Soji Adagunodo, in a statement challenged Aregbesola to explain to the people of the state how he spent a total of N172billion loan due for repayment between the year 2034 and 2042.

He gave the details of the loans to include: N88 billion Naira commercial loans restructured by the CBN and due for repayment in 2034; bailout funds totalling N35Billion to be repaid in 2035 and N49billion from Islamic bank due for repayment in 2042.


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