L
LequteMan
Guest
According to an article from Nairametrics, Governor Rauf Aregbosola has taken moves which suggests he's putting Osun state up for sale.
Things has gotten worse from bad for Osun state. Like any normal state, Osun received N2.4bn in allocation from FG in February. However, the amount shrunk to just N60bn - with debt repayment gobbling up a sizeable chunk of the allocation.
And at this stage, all advice is welcome. Suggestions that were previously unheard of among politicians and civil servants, are now ‘actually not that bad’.
Two of such suggestions have sizzled to the top.
"One suggestion is for the state to go into administration – where the federal government intervenes and runs the state on behalf of the state. Another suggestion is for the state to shop itself and its assets to private investors, in exchange for some cash.
One recent development could be pointing to the fact that ‘Ogbeni’ is leaning towards option two, Nairametrics said.
"The governor’s appointment in January of billionaire Folorunso Alakija, the 3rd richest black woman on the planet as the chancellor of the state’s university is very telling. With this appointment, Alakija will be the first female chancellor of a university in Nigeria,"
"Ogbeni will be needing more creative financing going forward, and he will also be needing more help from Alakija and her billionaire friends," the report concluded.
Things has gotten worse from bad for Osun state. Like any normal state, Osun received N2.4bn in allocation from FG in February. However, the amount shrunk to just N60bn - with debt repayment gobbling up a sizeable chunk of the allocation.
And at this stage, all advice is welcome. Suggestions that were previously unheard of among politicians and civil servants, are now ‘actually not that bad’.
Two of such suggestions have sizzled to the top.
"One suggestion is for the state to go into administration – where the federal government intervenes and runs the state on behalf of the state. Another suggestion is for the state to shop itself and its assets to private investors, in exchange for some cash.
One recent development could be pointing to the fact that ‘Ogbeni’ is leaning towards option two, Nairametrics said.
"The governor’s appointment in January of billionaire Folorunso Alakija, the 3rd richest black woman on the planet as the chancellor of the state’s university is very telling. With this appointment, Alakija will be the first female chancellor of a university in Nigeria,"
"Ogbeni will be needing more creative financing going forward, and he will also be needing more help from Alakija and her billionaire friends," the report concluded.
