The immediate past minister of Police Affairs, Caleb Olubolade, a retired navy captain, has declared his intention to contest for Ekiti governorship seat on June 21.

Olubolade made this known on Saturday in Ado Ekiti at a reception organised in his honour by members of the Peoples’ Democratic Party, PDP, Ekiti chapter.

The former minister who gave what seemed like a manifesto, said that he would not borrow money from the capital market to finance the state if elected.

He condemned the N25 billion bond sought by the incumbent governor, Kayode Fayem,i from the capital market, saying that “borrowing of money by Fayemi is a proof of his failed government.”

“I want to assure you that I will not borrow a dime to finance the state and all I am going to do as programmes will align with the transformation agenda of President Jonathan. I am determined to rescue Ekiti from the pangs of bad governance,” he added.

He said the incumbent administration had failed Ekiti people as one could see the signs in the level of poverty, unemployment and poor policy formulation in all facets, but promised that his administration would run a programme that was in tandem with the transformation agenda of President Goodluck Jonathan to bring development to the state.

He thanked Jonathan for giving him the opportunity to serve the nation, saying he would justify the confidence reposed in him if voted into office.

The Ekiti State PDP chairman, Makanjuola Ogundipe, assured the people that the mismanaged funds by the incumbent administration would be recovered when the party eventually takes over leadership.

He noted that the present administration promised free education, free health services, employment, but noted that none was free today.

Olubolade resigned his position as the minister of Police Affairs on February 12 to vie for the governorship seat.