The Osun state government has reduced the external debt of the state by 15 per cent.
According to the breakdown by the Debt Management Office (DMO) on domestic and external debts since 2022 which was posted on the X handle of Statisense, the domestic debt was also reduced by 42 per cent.
The administration of Rauf Aregbesola plunged the state into huge debt during his 8-year reign.
Part of the debts were paid by the administration of his successor, Gboyega Oyetola while ruled the state for four years.
However, the incumbent governor, Ademola Adeleke has been able to reduce the domestic debt from ₦148.37 billion as at December 2022 to ₦86.06 billion as at June 2024.
Also, the external debt from $91.78 million as at December 2022 to $78.17 million as at June 2024.