On Thursday, January 30, 2025, the Ekiti State Commissioner for Budget and Economic Planning, Mr. Femi Ajayi, recently disclosed that the state under the watch of His Excellency, Mr. Biodun Oyebanji, had not borrowed one kobo to finance its projects.
Ajayi made the disclosure earlier while giving the breakdown of the N375.7 billion 2025 Budget which Governor Biodun Oyebanji had signed into law on December 30, 2024.
Among other things, the honourable commissioner explained that the Oyebanji administration prioritizes financial discipline and commitment to ensuring that every naira spent delivers maximum value for the people, the Commissioner said the budget is tailored to also address critical sectors of the state’s economy without exceeding the its financial capacity.
Describing the budget as a testament to prudent management of available resources, Ajayi asserted that the Oyebanji administration had not borrowed a kobo to finance its projects and programmes, adding that the government has been servicing existing debt, thereby achieving a major reduction in the state’s debt profile.
He therefore called on the people to continue to support Oyebanji administration’s efforts to deliver on its promise and build a self-sufficient state for future generations.
Till date, that disclosure has not been controverted.
And for parading such a record in our clime at a time like this when most governments, especially at federal and state levels are almost suffocating under the weights of local and foreign debts, while they are still borrowing, more and more, Governor Oyebanji Ekiti wears the distinguished band of BEACONS AND ICONS NEWS’ Icon of the Week.
