Ogun State Government says it is expanding infrastructure in the state to boost economic growth and enhance the prosperity of its citizens and residents.
According to him, obtaining a loan is not a problem if the loan is being put to good use.
He said the previous administration also failed to declare the pension and gratuity debt profile of the state, adding that the development had also contributed to the debt profile of the state. “When we came in 2019, we saw that the pension and gratuity liabilities of the state were not in the books. The liabilities were not booked in the debt profile of the state in 2019”, Okubadejo said.
Okubadejo said, “There seems to be a lot of misconceptions about debts generally. You cannot talk about debt in isolation. You cannot generally compare debts of one state to the other without doing some very in-depth analysis because the sizes of the economies of states are different.
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