Why Osun debt service rate is high – Govt

Why Osun debt service rate is high – Govt …C0NTINUE READING HERE >>>

The Osun government says the devaluation of the Naira is responsible for the state’s high debt service payment.

Mr Kolapo Alimi, the Commissioner for Information and Public Enlightenment, in a statement on Wednesday in Osogbo, said that the clarification became necessary due to the report by the National Bureau of Statistics(NBS) listing Osun as number ten among states with high debt service payments.

Alimi said that the apparent rise in the monthly loan repayment on the state’s…

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