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Oyo Assembly Approves Makinde’s N10bn Loan Request For Projects

POSTED ON May 22, 2024 •   BREAKING NEWS      BY Benedicta Bassey
Oyo state Governor Seyi Makinde/Photo credit: Thisday

The Oyo State House of Assembly has on Wednesday approved the request of Governor Seyi Makinde to access a N10bn loan facility for World Bank-assisted projects in the state.

Speaker, Adebo Ogundoyin who read the loan request letter at the plenary, said, the counterpart funding was required to facilitate the release of donor funds to Oyo State.

According to the letter, “the World Bank-assisted projects are meant to complement the state government’s drive to improve the welfare of the citizens of the state.”

The facility would be secured from Fidelity Bank and repaid over a 30-month period.

The lawmakers, therefore, appealed to Makinde to continue giving priority to projects and programmes that would improve the living standards of the people.

 

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