Ogun State Governorship Candidate Accuses Incumbent of Plunging State into "Incurable Debt"

Strategic Insights -

Ladi Adebutu, the Peoples Democratic Party's (PDP) governorship candidate in Ogun State, has flagged off his campaign with a seven-point agenda manifesto focused on security, local government autonomy, rural development, healthcare, education, agricultural development, and youths development. Adebutu's campaign has centered on criticizing Governor Dapo Abiodun's administration, specifically highlighting the state's increasing domestic debt. Adebutu claimed that the state's domestic debt has risen by 55.4 percent between 2021 and 2022, with a total debt of N241.78 billion by June 2022. He also alleged that the administration has incurred N86.21 billion in debt within a year, causing the state to drop from the 3rd to the 19th position in the 2021 Fiscal Performance Ranking. Adebutu called on the people of Ogun State to reject the ruling All Progressives Congress (APC) and its candidates, claiming that the PDP is committed to delivering the state from the "shackles" of the APC.

Key Takeaways:

  • Ladi Adebutu, the PDP's governorship candidate, has unveiled a seven-point agenda manifesto focused on key areas such as security, local government autonomy, and rural development.
  • Adebutu has accused Governor Dapo Abiodun's administration of plunging Ogun State into "incurable debt," citing a 55.4 percent increase in domestic debt between 2021 and 2022.
  • The state's domestic debt has risen from N155.57 billion in 2021 to N241.78 billion by June 2022, according to Adebutu.
  • Adebutu also alleged that the administration has incurred N86.21 billion in debt within a single year, leading to a decline in the state's Internally Generated Revenue (IGR) by about 28.44 percent.
  • The PDP candidate called on the people of Ogun State to reject the ruling APC and its candidates, promising to deliver the state from the "shackles" of the APC.

Statistics:

  • Ogun State's domestic debt increased by 55.4 percent between 2021 and 2022.
  • The state's domestic debt profile rose from N155.57 billion in 2021 to N241.78 billion by June 2022.
  • The administration incurred N86.21 billion in debt within a year, causing the state's IGR to decline by about 28.44 percent.
  • The state dropped from the 3rd position to the 19th position in the 2021 Fiscal Performance Ranking within 10 months of review.

Sources:

  • [1] "Adebutu Flags Off Campaign, Unveils Seven-Point Agenda Manifesto", [Source: The Cable, 2023]