States Now More Buoyant Under President Tinubu’s Administration – Oyebanji
Says Ekiti Has Not Taken Any Loan to Finance Projects
By Erewunmi Peace
Ekiti State Governor, Biodun Oyebanji, has declared that Nigerian states are now more financially buoyant under President Bola Ahmed Tinubu’s administration. He stated this during the commissioning of the ultra-modern Revenue House in Ado-Ekiti on Friday.
According to Oyebanji, the improved fiscal position of states has enabled many to execute developmental projects without resorting to borrowing. He added that his administration, since assuming office, has not taken any loan to fund any project in Ekiti State.
“Under President Tinubu, states have experienced improved financial inflows. Here in Ekiti, we have been able to carry out critical infrastructure and developmental projects without borrowing a dime,” the governor said.
He attributed the state’s financial stability to transparency, accountability, and effective management of internally generated revenue (IGR). Oyebanji also commended the federal government’s reforms, saying they have enhanced the financial autonomy and efficiency of state governments across the federation.
The governor emphasized that the newly inaugurated Revenue House would further strengthen the state’s revenue drive and reduce dependence on federal allocations.
However, independent economic analysts note that while some states may have improved revenue flows following federal fiscal reforms, many others still rely heavily on monthly allocations and domestic borrowing to sustain governance.
Governor Oyebanji’s statement comes amid ongoing debates about Nigeria’s debt profile and the sustainability of fiscal policies across different levels of government.
