10 Jul

  It will be unfair and abdication of truth to label Gov. Aregbesola of Osun State as non-performing and Osun State as never progressing. Objectivity should be the basis of assessment; not partly loyalty and unconscionable scapegoating. I write because of falsehood being peddled and because some taunted me when I outlined my perceived shortcomings of APC administration.   

Some on the social media erroneously see me as a card-carrying member of APC and that lampooning President Buhari or Governor Aregbesola whenever I see something wrong is a testament to my desire to switch party. Yes, I voted for President Buhari and would have voted for Governor Aregbesola if I was in Osun State during the election. But I don’t care about party when I write. I voted for ex-President Olusegun Obasanjo of PDP in his first term (my last vote till 2015) and I condemned ex-President Jonathan every time I was unhappy with any of his policies.

It is no longer news that Osun State owes its civil servants, and granted that the governor bit more than he can chew by embarking on more projects than the capacity of accruing revenue, but the governor at least have something to show for the State’s insovency. I am sure the people of Osogbo (Osun Capital City), and those who see beyond party affiliations will attest to his performance, as compared to other states in the federation.

It is equally important to note that a State that pays around N3.6Billion monthly as salary and whose monthly federal allocation dropped from N4.6Billion to N1.3Billion will be totally handicapped. Governor RAuf Aregbesola’s undoing is that he overstretched the State.  Like many others, he went on spending spree with no succour for the rainy day. Aregbesola’s naivety is a generic problem to the whole of Nigeria. 

Osun State financial predicament is a microcosm of the fiscal quagmire of the entire nation. And thanks to Pres. Buhari who graciously provided succour for these hapless civil servants in many states of the Federation.

Oil prices fell, and Nigeria at the same time lost big oil customers like United States. It is just logical that Nigeria’s revenue will drop since we run a monolithic economy. Further lost of revenue lies ahead as Iran (one of the major oil producers) is set to re-enter the oil market if it eventually unburden itself of Western economic sanctions. 

It is high time we all braced ourselves for what lies ahead. If we are not careful, what played out in Osun and some other states may just become a common feature.

Femi Olabisi twits at @Femiolas

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Posted by on July 10, 2015 in Opinion


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