Ogun seeks $350m loan from World Bank

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The Ogun State Government said it had concluded plans to borrow $350m from the World Bank.

Governor Ibikunle Amosun disclosed this when he received a delegation of the bank in Abeokuta, Ogun State capital, according to an official statement on Friday.

He said his administration would do everything possible to secure the loan, saying the incoming administration already had the support needed to enhance good governance. Amosun said the loan would help create a system-driven environment for business even as he urged the bank’s team to fast-track the process for its final approval.

While presenting a progress report to the governor, the Task Team Leader for the World Bank, Mr. Kofi Nouve, explained that the major aim was to help the state government put in place necessary reforms and critical social investments that would help uplift the welfare of the populace.Copyright PUNCH.

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That shouldn't be the priority of any out going governors now . Why should you borrow when you have some days to leave office ?

So sad that Amosu is ending his career this way. He could have become a hero but selfishness and greed completely dented his achievements. Govsia .

Oga governor, Olorun oni funyin se. Must u destroy the state before u go.

This man want to make ogun state so difficult run for the incoming government.

This guy sha wants to wreck my state completely before leaving.

Cc jimidisu dabiodunMFR 25days to handover

Please WorldBank don't give loans to the Government of Ogun State Govsia they want to turn the state to be indebted.

To do what? APC pipul can't cease to amaze me.

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