The Lagos State governorship candidate of the Peoples Democratic Party, Olajide Adediran, popularly known as Jandor, has challenged Governor Babajide Sanwo-Olu to state why he borrowed N79bn and what he intends to do with the sum.
According to Jandor, he got the information from the latest report issued by the Debt Management Office.
The PDP candidate expressed worries over the borrowings under the administration of Sanwo-Olu and the rationale behind the borrowings.
In a post on social media, Jandor accused Sanwo-Olu of mortgaging the future of the state.
He wrote, “Latest report from the Debt Management Office just revealed how Governor Sanwo-Olu has repeatedly mortgaged the future of our state, racking up domestic and international debt under the guise of shoring up projects and improving infrastructure.
“A worrying N79.7 billion was again borrowed between July and September 2022, further raising our debt profile from N797,305,312,602.53 in June 2022 to N877,035,995,031.70 now.
“As I have said in my very recent TV interview, there’s nothing wrong in borrowing to fund public infrastructure, especially when such borrowing is captured in the fiscal policy of the state.
“However, what’s worrisome is the rationale behind this borrowing as nothing is happening on the streets, across the length and breadth of Lagos in the name of infrastructure to account for this huge debt.
“Where is he taking all this money…we need to ask him. This N79 billion, what was it taken for? which project are you investing it on? Governor Sanwoolu needs to answer these questions.”