Oyo Assembly okays Makinde’s N20bn loan request

The House also okayed the request by the governor to access N2.5bn Central Bank of Nigeria credit support intervention fund for the health sector.

Makinde sought the approval of the legislature in two separate letters of request forwarded to the Oyo State House of Assembly and read at the plenary by the Speaker, Adebo Ogundoyin. The governor, in the request, noted that the N20bn loan facility became imperative in view of the dwindling revenue accruable to the state from the Federation Account and the drop in Internally Generated Revenue in the wake of the COVID-19 pandemic.

He said the money would be used to fund and support priority projects to boost economic activities in the state. The Speaker said the House approved the requests of the governor in view of the importance the administration attached to infrastructural development, especially the construction and rehabilitation of roads and other social amenities, as well as the need to upgrade health facilities in order to combat coronavirus and other health challenges.All rights reserved.

Source: Loan Digest (loandigest.net)

Who are this borrowers?

Taking loan without accountability this is not fair

Ganngannnn

I think UnclePamilerin should come and defend his boss.

Exifam Lol.. the same governor that reduced budget. I'd appreciate an explanation, please.

What has he done with the previous one? We just have leaders who are visioness all over d country. Who just believe they can collect loans bcos they av access to it, without any accountability. Let him tell us what he has done since he came on board.

LocusBendi

During his campaign Seyi Makinde told the people of Oyo state that after 6 months in office, he won't need allocation from Abuja to run the state but he has borrowed 3 times in one year with the allocations rolling in now on the 4th.... Enu dùn n'ròfó

Loan everywere withiout noting been shown for it. . Oga ooo

Almost 40billion naira in 12months with nothing to show for it.. Over to the SIWES Boys😀😀

If you will use it effectively it fine but if pride enter am eh make i nah talk na🚶

Follow me I'll follow back asap

Nah only loan loan Nigerians dey hear everywhere 😭😭😭😭😭

We move...

Number one headache for OfficialAPCNg in SW

This one just dey borrow money anyhow.. Hmmm.. Oga ooo

Gengen......!

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