Ekiti State Governor, Biodun Oyebanji, has clarified that his administration has not taken any loan to finance ongoing developmental projects across the state since he assumed office.
Oyebanji made this known while addressing journalists in Ado Ekiti, emphasizing that the state government has maintained a policy of prudent financial management and accountability in all its projects.
The governor explained that every project being executed under his administration is funded through internally generated revenue, federal allocations, and savings made from blocking financial leakages. He noted that his government’s decision not to rely on loans reflects a commitment to sustaining economic stability and avoiding unnecessary debt burdens for future generations.
According to Oyebanji, his administration inherited some completed and ongoing projects from previous governments and has continued to fund them responsibly. “We have not borrowed a single kobo to fund any of our projects. Every initiative you see today in Ekiti is the result of careful planning and effective resource management,” he said. The governor also commended the people of Ekiti for their understanding and support in ensuring the success of his policies.
Oyebanji further stated that the government has focused on infrastructure renewal, education, healthcare, and youth empowerment as part of its strategic development agenda. He assured residents that his administration would continue to complete all major road projects, schools, and healthcare centers without resorting to loans or external borrowing.
He also called on citizens to remain patient and continue paying their taxes regularly, noting that the funds generated internally are key to sustaining development. “We have shown that with transparency, accountability, and the right leadership, a state can grow without depending on loans,” Oyebanji added.
The governor reaffirmed his administration’s commitment to financial discipline and transparency in governance. He said Ekiti State will continue to attract investors through a stable economic policy that encourages sustainable growth, ensuring that all projects directly improve the welfare and livelihoods of the people.