Oyetola left N76bn debt, says Osun Government


The Osun State government has stated that the previous administration led by Former Governor Gboyega Oyetola left a N76 billion debt portfolio in unpaid salaries, pensions, and insurance commitments.

The number was provided by the Permanent Secretary of the Ministry of Finance, Mrs. Bimpe Ogunlumade, while briefing officials of the new administration on the financial status of the state, according to a statement signed by the governor’s spokesperson, Olawale Rasheed, and obtained in Osogbo on Thursday.

Adegboyega Oyetola


Read Also: I left N14b in Osun coffers, Oyetola boast

“The Permanent Secretary disclosed the following breakdown of salaries and pension-related liabilities:

“(I) Salary: N29,875,191,128.64
(II) Pension Arrears: N45,375,237,693.40
(III) Group Life Assurance Scheme: N554,644,028.97. Total: N75,805,072,851.01,” the statement read in part.

It added that the disclosure refuted the former governor ’s claim that he had left N14 billion in cash for the new administration.


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The state government claimed that because briefings on additional sources of liabilities had not been finished, the amount was not the total debt left by the previous administration.


, the state’s governor, has mandated that the pertinent office receive the salary schedule within the next 24 hours.


According to a statement made by his spokesperson, Rasheed, Adeleke gave the order after hearing from the State Ministry of Finance.

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Top ministry officials claimed that some agencies’ failure to timely submit their salary schedules was the cause of the delay in salary payments.

The statement concluded, “Governor Adeleke accordingly directed immediate conclusion of the processes, affirming that his administration is opposed to inconveniences the delay has forced on the state workforce.”


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