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Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) - Politics (6) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) (3477 Views)

Servicing Debt With 90% Revenue Path To Destruction — Tinubu / Tinubu: I Won’t Sustain Failed Theory Of Servicing Debt With Scarce Revenue / Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 (2) (3) (4)

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Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by joyandfaith: 7:29pm On Aug 11, 2020
NGpatriot:
[s][/s]


Look at this ignorant and unintelligent ipob village ZOMBIE.

What's my business with your LAUTECH rubbish and issues between 2 states? Go and ask them, my issue with you is your silly ignorance about employment in employment in Osun state which is the lowest in the whole of Nigeria.

Thank me for educating you and in fact, shouldn't you be asking why your village governors only commission borehole, wheelbarrow and kerosene.?

just to let idiot like you know that oyetola is about to destroy aregbe only legacy - insisting on joint ownership. I know your a bastard son of osun.
Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by NGpatriot: 7:31pm On Aug 11, 2020
oyatz:
Aregbesola mismanaged the economy of Osun State by borrowing
large sums of money for his signature projects without any money yielding projects to guarantee repayments of the loans.

He estimated the money needed for these projects ,got the money but the projects were never completed;

1) MKO Abiola Int'l Airport (only fence was constructed and hunters can even kill a Tiger in the bush that has now covered the 'airport')

2) Aiyegbaju Int'l Market

3) Dagbolu Food stuff Market

4) Completion of the ring road (Ona baba Ona)

5) Gbogan-Ode-Omu- Akoda dual carriage way

6) Oshogbo-Ikirun-Kwara boundary Express way




What proof do you have that money was collected but projects were never carried out or was completed.

Yes, we know money was spent on preliminary site work, but you can not say he collected money for it and didn't build the airport unless you have proof that he collected the full amount and abandoned the project?


Even your list looks bogus, mostly false and deceptive especially the Aiyegbaju Int'l Market which was actually built and commissioned.


Check your facts.
Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by NGpatriot: 7:32pm On Aug 11, 2020
[s]
joyandfaith:


just to let idiot like you know that oyetola is about to destroy aregbe only legacy - insisting on joint ownership. I know your a bastard son of osun.
[/s]



Ignorant abakaliki ipob, next time before spewing trash about employment in Osun state, just know that Osun state has the lowest employment rate in Nigeria.
Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by joyandfaith: 7:43pm On Aug 11, 2020
NGpatriot:
[s][/s]


I̶g̶n̶o̶r̶a̶n̶t̶ ̶a̶b̶a̶k̶a̶l̶i̶k̶i̶ ̶i̶p̶o̶b̶,̶ ̶n̶e̶x̶t̶ ̶t̶i̶m̶e̶ ̶b̶e̶f̶o̶r̶e̶ ̶s̶p̶e̶w̶i̶n̶g̶ ̶t̶r̶a̶s̶h̶ ̶a̶b̶o̶u̶t̶ ̶e̶m̶p̶l̶o̶y̶m̶e̶n̶t̶ ̶i̶n̶ ̶O̶s̶u̶n̶ ̶s̶t̶a̶t̶e̶,̶ ̶j̶u̶s̶t̶ ̶k̶n̶o̶w̶ ̶t̶h̶a̶t̶ ̶O̶s̶u̶n̶ ̶s̶t̶a̶t̶e̶ ̶h̶a̶s̶ ̶t̶h̶e̶ ̶l̶o̶w̶e̶s̶t̶ ̶e̶m̶p̶l̶o̶y̶m̶e̶n̶t̶ ̶r̶a̶t̶e̶ ̶i̶n̶ ̶N̶i̶g̶e̶r̶i̶a̶.̶


.

dindinrin to din robo
Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by NGpatriot: 7:47pm On Aug 11, 2020
[s]
joyandfaith:


dindinrin to din robo
[/s]


Ignorant abakaliki ipob, next time before spewing trash about employment in Osun state, just know that Osun state has the lowest employment rate in Nigeria.

Go to your village and stand in line for your 1 gallon of kerosene.


grin
..

Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by joyandfaith: 8:00pm On Aug 11, 2020
NGpatriot:
[s][/s]


I̶g̶n̶o̶r̶a̶n̶t̶ ̶a̶b̶a̶k̶a̶l̶i̶k̶i̶ ̶i̶p̶o̶b̶,̶ ̶n̶e̶x̶t̶ ̶t̶i̶m̶e̶ ̶b̶e̶f̶o̶r̶e̶ ̶s̶p̶e̶w̶i̶n̶g̶ ̶t̶r̶a̶s̶h̶ ̶a̶b̶o̶u̶t̶ ̶e̶m̶p̶l̶o̶y̶m̶e̶n̶t̶ ̶i̶n̶ ̶O̶s̶u̶n̶ ̶s̶t̶a̶t̶e̶,̶ ̶j̶u̶s̶t̶ ̶k̶n̶o̶w̶ ̶t̶h̶a̶t̶ ̶O̶s̶u̶n̶ ̶s̶t̶a̶t̶e̶ ̶h̶a̶s̶ ̶t̶h̶e̶ ̶l̶o̶w̶e̶s̶t̶ ̶e̶m̶p̶l̶o̶y̶m̶e̶n̶t̶ ̶r̶a̶t̶e̶ ̶i̶n̶ ̶N̶i̶g̶e̶r̶i̶a̶.̶ ̶G̶o̶ ̶t̶o̶ ̶y̶o̶u̶r̶ ̶v̶i̶l̶l̶a̶g̶e̶ ̶a̶n̶d̶ ̶s̶t̶a̶n̶d̶ ̶i̶n̶ ̶l̶i̶n̶e̶ ̶f̶o̶r̶ ̶y̶o̶u̶r̶ ̶1̶ ̶g̶a̶l̶l̶o̶n̶ ̶o̶f̶ ̶k̶e̶r̶o̶s̶e̶n̶e̶.̶
..
Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by joyandfaith: 8:01pm On Aug 11, 2020
ThatFairGuy:

Every dicks and harries will just be putting mouth I. Osun matter. Oga o, ere ba edun nile o di obo. Ebi yin ko

obo ko inaki ati aya ni.
Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by joyandfaith: 8:14pm On Aug 11, 2020
NGpatriot:



W̶h̶a̶t̶ ̶p̶r̶o̶o̶f̶ ̶d̶o̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶t̶h̶a̶t̶ ̶m̶o̶n̶e̶y̶ ̶w̶a̶s̶ ̶c̶o̶l̶l̶e̶c̶t̶e̶d̶ ̶b̶u̶t̶ ̶p̶r̶o̶j̶e̶c̶t̶s̶ ̶w̶e̶r̶e̶ ̶n̶e̶v̶e̶r̶ ̶c̶a̶r̶r̶i̶e̶d̶ ̶o̶u̶t̶ ̶o̶r̶ ̶w̶a̶s̶ ̶c̶o̶m̶p̶l̶e̶t̶e̶d̶.̶ ̶Y̶e̶s̶,̶ ̶w̶e̶ ̶k̶n̶o̶w̶ ̶m̶o̶n̶e̶y̶ ̶w̶a̶s̶ ̶s̶p̶e̶n̶t̶ ̶o̶n̶ ̶p̶r̶e̶l̶i̶m̶i̶n̶a̶r̶y̶ ̶s̶i̶t̶e̶ ̶w̶o̶r̶k̶,̶ ̶b̶u̶t̶ ̶y̶o̶u̶ ̶c̶a̶n̶ ̶n̶o̶t̶ ̶s̶a̶y̶ ̶h̶e̶ ̶c̶o̶l̶l̶e̶c̶t̶e̶d̶ ̶m̶o̶n̶e̶y̶ ̶f̶o̶r̶ ̶i̶t̶ ̶a̶n̶d̶ ̶d̶i̶d̶n̶'̶t̶ ̶b̶u̶i̶l̶d̶ ̶t̶h̶e̶ ̶a̶i̶r̶p̶o̶r̶t̶ ̶u̶n̶l̶e̶s̶s̶ ̶y̶o̶u̶ ̶h̶a̶v̶e̶ ̶p̶r̶o̶o̶f̶ ̶t̶h̶a̶t̶ ̶h̶e̶ ̶c̶o̶l̶l̶e̶c̶t̶e̶d̶ ̶t̶h̶e̶ ̶f̶u̶l̶l̶ ̶a̶m̶o̶u̶n̶t̶ ̶a̶n̶d̶ ̶a̶b̶a̶n̶d̶o̶n̶e̶d̶ ̶t̶h̶e̶ ̶p̶r̶o̶j̶e̶c̶t̶?̶ ̶E̶v̶e̶n̶ ̶y̶o̶u̶r̶ ̶l̶i̶s̶t̶ ̶l̶o̶o̶k̶s̶ ̶b̶o̶g̶u̶s̶,̶ ̶m̶o̶s̶t̶l̶y̶ ̶f̶a̶l̶s̶e̶ ̶a̶n̶d̶ ̶d̶e̶c̶e̶p̶t̶i̶v̶e̶ ̶e̶s̶p̶e̶c̶i̶a̶l̶l̶y̶ ̶t̶h̶e̶ ̶A̶i̶y̶e̶g̶b̶a̶j̶u̶ ̶I̶n̶t̶'̶l̶ ̶M̶a̶r̶k̶e̶t̶ ̶w̶h̶i̶c̶h̶ ̶w̶a̶s̶ ̶a̶c̶t̶u̶a̶l̶l̶y̶ ̶b̶u̶i̶l̶t̶ ̶a̶n̶d̶ ̶c̶o̶m̶m̶i̶s̶s̶i̶o̶n̶e̶d̶.̶ ̶C̶h̶e̶c̶k̶ ̶y̶o̶u̶r̶ ̶f̶a̶c̶t̶s̶.̶

.
Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by Yorubasarecurse: 8:41pm On Aug 11, 2020
NGpatriot:
[s][/s]




I NGPATRIOT is a pathetic liar.
My state osun is indebted to the tune of 400 billion. The money was spent on white elephant projects like Mko Abiola Airport and the largest talking drum in Africa. Osun students are illiterates who come last in WEB yearly. Osun is a poor enclave.

See my miserable poor and wretched life..






Good you realised your foolery.
Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by Johnnyessence(m): 9:50pm On Aug 11, 2020
trilacos:
stop lying.
I'm not lying abeg.

1 Like

Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by Johnnyessence(m): 9:52pm On Aug 11, 2020
Haywhysat:


Bro, why is it that anytime AREGBESOLA name comes up, u always attack him? I knw u supported Adeleke in the last election, and some of us supported Gboyega..... Well, i doubt if there is any place you will go to in Osun state and say AREGBESOLA did not work atall. It is a known fact that, people hated AREGBESOLA only because of the salary scheme, and not because of his achievements... I am from the Ife zone.
where's the m.k.o airport, where's dagbolu international market? where's gbongan to akoda roads?
Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by delpee(f): 10:12pm On Aug 11, 2020
Gov. Oyetola needs to maximize the potentials of gold mining which the Chinese and their collaborators have been mining illegally with terrible devastation and little or no benefit to the State.
Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by MikkieEl: 10:28pm On Aug 11, 2020
Sammy07:


Ila orangun road
Fagbesa road
Abaku road beside borepo
Isale aro Gbemu junction
Elelede road
Ila Odo kwara border dualised
Gbogan ile Ogbo road
Gbodofon - jalayemi riad
Girls school road jalayemi
Ifeloju omo west road
Otan ayegbaju road
Ikirun road
Bola Ige road ila orangun
Akande road ila orangun.
Beautification kf Osogbo terminus
Ayegbaju international market
Abere roundabout
Ibadan gbongan road
Omoluabi gament factory


These are the roads I verified with my eyes not here say.
Cos I go Osun very well.
I don't even wanna talk about school how he built or renovates some schools.

Esp that popular government secondary school in Osogbo. (Osogbo high school or so)
Cc: Thatfairguy1

He's not saint but he modernized Osun

What did you verify about the boldened
Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by MikkieEl: 10:29pm On Aug 11, 2020
Sammy07:


Ila orangun road
Fagbesa road
Abaku road beside borepo
Isale aro Gbemu junction
Elelede road
Ila Odo kwara border dualised
Gbogan ile Ogbo road
Gbodofon - jalayemi riad
Girls school road jalayemi
Ifeloju omo west road
Otan ayegbaju road
Ikirun road
Bola Ige road ila orangun
Akande road ila orangun.
Beautification kf Osogbo terminus
Ayegbaju international market
Abere roundabout
Ibadan gbongan road
Omoluabi gament factory


These are the roads I verified with my eyes not here say.
Cos I go Osun very well.
I don't even wanna talk about school how he built or renovates some schools.

[s]Esp that popular government secondary school in Osogbo. (Osogbo high school or so)
Cc: Thatfairguy1[/s]

He's not saint but he modernized Osun

What did you verify about the boldened
Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by oyatz(m): 10:35pm On Aug 11, 2020
So why the need for the huge loan repayment that has crippled the finances of the State's Government since 2015?

Osun State is not the only State in Nigeria,why was Osun already in recession as at 2014 June that the State has been unable to meet her financial obligations?

Loyalty to the party/the leaders is good but blind loyalty is bad.

Ask the workers, pensioners and the residents of Oshogbo what they experienced during Aregbesola's administration especially between 2014-2018 (may we never experience such locust years).

Myself and my wife were victims of the Aregbesola's administration.
The hatred for Aregbesola caused the defeat of the APC in the 2018 Governorship election until the FG through the Supreme Court awarded judicial victory to the APC.


He would have been better off as a Commissioner for works at tactical management level , implenting decisions for the State but he wasn't very good as a Governor at strategic management level, taking decisions for the whole State.



NGpatriot:





What proof do you have that money was collected but projects were never carried out or was completed.

Yes, we know money was spent on preliminary site work, but you can not say he collected money for it and didn't build the airport unless you have proof that he collected the full amount and abandoned the project?


Even your list looks bogus, mostly false and deceptive especially the Aiyegbaju Int'l Market which was actually built and commissioned.


Check your facts.
Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by NGpatriot: 10:52pm On Aug 11, 2020
oyatz:
So why the need for the huge loan repayment that has crippled the finances of the State's Government since 2015?

Osun State is not the only State in Nigeria,why was Osun already in recession as at 2014 June that the State has been unable to meet her financial obligations?

Loyalty to the party/the leaders is good but blind loyalty is bad.

Ask the workers, pensioners and the residents of Oshogbo what they experienced during Aregbesola's administration especially between 2014-2018 (may we never experience such locust years).

Myself and my wife were victims of the Aregbesola's administration.
The hatred for Aregbesola caused the defeat of the APC in the 2018 Governorship election until the FG through the Supreme Court awarded judicial victory to the APC.


He would have been better off as a Commissioner for works at tactical management level , implenting decisions for the State but he wasn't very good as a Governor at strategic management level, taking decisions for the whole State.









1. 3rd lowest poverty index

2. Lowest unemployment rate in Nigeria

3. Lowest misery index rate in Nigeria

4. The most peaceful state in Nigeria

5. 2nd wealthiest state in Nigeria

6. 132% IGR increase

Shouting all over the place about debts means nothing to me, the positive results of the debts means more to me than all the debt noise many of you are making.

A lot of states experienced the same issues and are still in debt, but only Osun state managed to utilize their debt wisely and they have more to show for their debt, they are leading the whole of Nigeria across the board in many stats, index and matrix.

Osun is reaping the positive results from their well utilized debts.
Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by oyatz(m): 3:34pm On Aug 12, 2020
I no longer have the energy and time to be arguing with people on Nairaland.








Okay, you have won! . . . Aregbesola is the next best thing to happen to Osun State after sliced bread and Osun State is now the most developed State in Nigeria. Congratulations.



NGpatriot:







Shouting all over the place about debts means nothing to me, the positive results of the debts means more to me than all the debt noise many of you are making.

A lot of states experienced the same issues and are still in debt, but only Osun state managed to utilize their debt wisely and they have more to show for their debt, they are leading the whole of Nigeria across the board in many stats, index and matrix.

Osun is reaping the positive results from their well utilized debts.

Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by Nobody: 3:36pm On Aug 12, 2020
They will simply merge them back into Oyo state.
Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by Nobody: 3:40pm On Aug 12, 2020
Sammy07:


Ila orangun road
Fagbesa road
Abaku road beside borepo
Isale aro Gbemu junction
Elelede road
Ila Odo kwara border dualised
Gbogan ile Ogbo road
Gbodofon - jalayemi riad
Girls school road jalayemi
Ifeloju omo west road
Otan ayegbaju road
Ikirun road
Bola Ige road ila orangun
Akande road ila orangun.
Beautification kf Osogbo terminus
Ayegbaju international market
Abere roundabout
Ibadan gbongan road
Omoluabi gament factory


These are the roads I verified with my eyes not here say.
Cos I go Osun very well.
I don't even wanna talk about school how he built or renovates some schools.

Esp that popular government secondary school in Osogbo. (Osogbo high school or so)
Cc: Thatfairguy1

He's not saint but he modernized Osun

He modernized Osun?

So is Osun a modern state now or a developing state in a developing country?
Re: Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) by Johnnyessence(m): 8:18am On Aug 13, 2020
Aregbesola destroyed the economy of the state more.

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