Governor Seyi Makinde of Oyo State on Saturday said his government had uncovered N150bn debt within his first 30 days in office.

He said more debts were still being collated by government officials which would be made public soon.

Mr Makinde, who made the revelation during a media chat on Broadcasting Corporation of Oyo State to mark his one month in office, threatened to expose his predecessor, Mr Abiola Ajimobi, if he continued to disturb his administration.

He said a sum of N1.3bn seized from past government officials by the Federal Government would be retrieved to tackle some education sector problems.

He, however, said the debt put at $500m would not stop him from executing his campaign promises made to the people.

Makinde also alleged that the past government spent about N2 billion on a kilometre of road.

He said, “We have confirmed N150bn debt so far. We are still working to discover more. Some of them may be questionable. If you take bond, it is always tied to a particular project. If we want, we can do value-for-money audit.

“Our focal point is how to strengthen the economy of the state so that all and sundry will prosper. But I will expose them if they don’t want to stop disturbing us. When we do, they won’t be able to move on the streets.”

He also pointed out that the state received N4.5bn federal allocation while salaries and pensions stood at N5.4bn, leaving the state with a shortfall of about N1bn monthly.

Punch