The Ondo State government’s home debt profile has dropped by 82.6 per cent within the first 18 months, representing the very best share discount recorded by any state in Nigeria, it was disclosed.
Governor Fortunate Aiyedatiwa, by way of his Chief Press Secretary, Prince Ebenezer Adeniyan, disclosed this on the maiden version of the quarterly media briefing held on the NUJ Press Centre, Akure, the place he disclosed the administration’s scorecard since Aiyedatiwa assumed workplace on February 24, 2025.
Adeniyan attributed the discount to prudent monetary administration, fiscal self-discipline and efficient debt administration methods, noting that the administration had additionally cleared all excellent wage arrears owed to staff and former political workplace holders, in addition to about 10 years of gratuity arrears owed to pensioners.
He stated the measures put in place had enabled the administration to pursue its “Our Ease” agenda, centred on ease of dwelling, ease of doing enterprise, infrastructure, well being, schooling, agriculture, safety, youth and girls empowerment, and public service reform.
He stated the central thought is to place the individuals first, ship initiatives that matter and construct a basis for sustainable development.
In keeping with him, the administration’s achievements over the interval minimize throughout healthcare, street infrastructure, schooling, city renewal, water provide, energy, agriculture, industrialisation, employment, staff’ welfare and safety.
Adeniyan stated the State Government Council had additionally authorised a US$1.6 million, 350-kilowatt hydropower challenge and a 7.5-megawatt gas-fired turbine to energy authorities services throughout the state, whereas the administration had commenced distribution of transformers to communities to enhance electrical energy provide.
Past infrastructure and utilities, Adeniyan stated agriculture remained central to the administration’s financial improvement technique, with the give attention to large-scale funding, meals safety, value-chain improvement and farmer assist.
The federal government was opening up massive areas of farmland, attracting personal traders, guaranteeing EU-compliant cocoa manufacturing for worldwide markets and setting up rural roads to facilitate the motion of farm produce.
He stated the governor had additionally inaugurated the Ondo State Cocoa Revolution and Administration Board to maintain the state’s place as Nigeria’s main cocoa producer, whereas the State Strategic Committee on EU Deforestation-Free Regulation Compliance had been inaugurated.
Adeniyan stated the agricultural push was a part of the administration’s broader financial transformation agenda, which additionally included industrialisation and efforts to draw main investments in the direction of the event of the Ondo Deep Sea Port, refinery, Free Commerce Zone and fertiliser plant, whereas supporting SMEs and agro-processing industries.
He stated the administration’s coverage reforms had been designed to make Ondo State a pretty funding vacation spot the place companies might function with confidence, create jobs and diversify authorities income.
“These efforts contributed considerably to the return of the Dangote Group to the state, with plans to determine Nigeria’s largest industrial zone in Ondo State,” he stated.
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