Why I Spent N50m To Buy Two Beds, Fayemi Explains

Immediate Ekiti State Governor, Kayode John Fayemi, has explained why he built the multi-million naira government house in the state.

The ex-governor explained that infrastructure was a key value his government targeted on, and that refurbishing the government house was his way of introducing a legacy that the state would be proud of.

He recently came under intense criticism for wanton spending on state funds, and gov. Fayose accused him of spending N50m on two beds in the government house.
Ekiti state new government house-1
Fayemi, explaining, said:
‘’The administration of Governor Kayode Fayemi in Ekiti State places much premium on infrastructure which it believes is a catalyst for modernizing the state.

“Infrastructural development is the second policy thrust of the 8-point agenda of the Fayemi administeration otherwise known as the ‘Roadmap to Ekiti Recovery’”.

‘’In conceiving the projects, the administration took cognizance of the need to execute projects that accord with the needs of the government and people of Ekiti and critically also, positively project the Land of Honour in the comity of states in Nigeria.
Ekiti State house-1-e1414076267341

‘’Not ready to be encumbered by the meagre allocations from the Federation Account, as the state is 35th out of 36th on the nation’s revenue ladder, the administration secured a N25 billion bond from the Capital Market.

‘’Upon accessing the first tranche of N20 billion, the administration immediately embarked on the mission to change the face of the state with the Legacy Projects which the new Government House is one of them.”

Author: News Editor

2787 stories / Browse all stories

Related Stories »

  • jalad

    Who are the NNIF?

Provide your email below, and we will notify you the latest news freely.


calendar »