Osun State Governor Ademola Adeleke has revealed the plan by his administration, not to borrow money from any financial institution to run the state.

Ademola made this known during the first edition of “Ipade Imole,” a quarterly interactive public symposium, held in Osogbo, Osun State capital on Thursday.

The governor however explained that he had devised a better means of generating funds internally, to continue his works in the state.

He also stated that he has resolved to spend the N2bn palliative fund from the federal government on major projects, including the renovation and procurement of more buses for easy and affordable transportation, as well as the rehabilitation of health facilities in the state. 

“Development of Osun is paramount to me and hence I decided to make a huge sacrifice by adding my security vote to fund the project in the state rather than keep it to myself like others before me,” he said.

Governor Ademola however revealed that his administration has prioritised projects it intends to finance with the Infrastructure Support Fund of the Federal Government, which include a flyover in the state capital.

“We intend to use the N2billion to fund some projects, including dualisation of roads at two per senatorial districts; flyover bridges at Osogbo and some other towns; street lights for newly constructed roads; a second stream of 332 boreholes across wards; commencement of Imole transport service; and Imole Housing Estate at 500 units per federal constituency,” he said.