Former Governor of Ogun State, Otunba Gbenga
Daniel, on Thursday said the assets inherited by the Action Congress of
Nigeria-led administration of Senator Ibikunle Amosun in the state, far
outweighed the liabilities.
Amosun, had during his address to mark his 30 days in office on Wednesday, lamented the huge debt of N49.2bn inherited from the previous administration and condemned the concession of the state’s assets by Daniel’s administration.
But Daniel, who reacted through a former State Commissioner for Information and Orientation, Mr. Sina Kawonise, accused Amosun of being economical with the truth.
In the reaction through a statement, the former governor challenged the incumbent to speak on the assets inherited which he argued far outweighed the liabilities.
“It is really sad that the governor, in order to hoodwink the people, only dwelt on the liabilities he inherited when a first year student of accounting is aware that there are two sides to an account, namely: assets and liabilities.
“Senator Amosun deliberately did not tell the people of Ogun State that he inherited assets far in excess of the liabilities. For instance, we are aware that because of the proactive policy of making Ogun State the first choice for investors, the free trade zones in Igbesa and Olokola are now yielding resources into the coffers of government.
“At the last count, the Free Trade Zone in Igbesa has industrial concerns that have directly employed more than 7,000 people with triple that figure in indirect employment. The industrialisation policies of the OGD-led administration brought to Ogun State, 66 companies with a combined direct investment in excess of N100bn.”
Daniel maintained that the Abeokuta City Centre land which was freed up after a new secretariat was built, would also yield an estimated N7bn for the government, apart from the multi billion naira OPIC Plaza Multi Purpose Events Centre in Isheri, a power project, about 30 housing estates and the three FIFA-rated stadia among others.
Daniel alerted the people of the state that Amosun’s outcry was to prepare their mind for the Bond Market, “which during our administration, he condemned and called ‘Bond of Bondage,’ the proceeds, which will be used to award contracts to godfathers and cronies, who funded his electoral campaign.”
By Francis Falola, Abeokuta Courtesy Of: Punch
Amosun, had during his address to mark his 30 days in office on Wednesday, lamented the huge debt of N49.2bn inherited from the previous administration and condemned the concession of the state’s assets by Daniel’s administration.
But Daniel, who reacted through a former State Commissioner for Information and Orientation, Mr. Sina Kawonise, accused Amosun of being economical with the truth.
In the reaction through a statement, the former governor challenged the incumbent to speak on the assets inherited which he argued far outweighed the liabilities.
“It is really sad that the governor, in order to hoodwink the people, only dwelt on the liabilities he inherited when a first year student of accounting is aware that there are two sides to an account, namely: assets and liabilities.
“Senator Amosun deliberately did not tell the people of Ogun State that he inherited assets far in excess of the liabilities. For instance, we are aware that because of the proactive policy of making Ogun State the first choice for investors, the free trade zones in Igbesa and Olokola are now yielding resources into the coffers of government.
“At the last count, the Free Trade Zone in Igbesa has industrial concerns that have directly employed more than 7,000 people with triple that figure in indirect employment. The industrialisation policies of the OGD-led administration brought to Ogun State, 66 companies with a combined direct investment in excess of N100bn.”
Daniel maintained that the Abeokuta City Centre land which was freed up after a new secretariat was built, would also yield an estimated N7bn for the government, apart from the multi billion naira OPIC Plaza Multi Purpose Events Centre in Isheri, a power project, about 30 housing estates and the three FIFA-rated stadia among others.
Daniel alerted the people of the state that Amosun’s outcry was to prepare their mind for the Bond Market, “which during our administration, he condemned and called ‘Bond of Bondage,’ the proceeds, which will be used to award contracts to godfathers and cronies, who funded his electoral campaign.”
By Francis Falola, Abeokuta Courtesy Of: Punch
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