Fayemi, according to a statement by his Senior Special Assistant on Media, Mr. Mojeed Jamiu on Sunday, spoke in a chat with newsmen in Ado-Ekiti.
The statement explained that the sum included debts owed contractors and banks.
He said the debts remained the liabilities which his government had to offset.
According to Fayemi, “The immediate past regime took bank facilities, which attracted as much as 22 per cent interest rate, because of the high risk involved in dealing with an illegitimate government, which spent 42 months jumping from one court room to the other.”
The governor, according to the statement, however, declared that he would not allow the discovery to deter him from realising his promises to Ekiti people. Fayemi noted that the expectation of the people towards him were high, assuring that his administration would not fail them.
He said, “The state is indebted to the tune of about N30bn, being money owed contractors, banks, irrevocable standing orders to institutions at 22 per cent. This was because nobody was ready to lend to them at a favourable rate because of the uncertainty of that tenure.
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