The Oyo State Federal Government had on Tuesday, announced that it had obtained the approval of the state assembly to gather the loan for the development of infrastructure in the state.
The Oyo State chapter of the All Progressives Congress has actually scolded the Seyi Makinde-led administration for presumably seeking N20bn infrastructure loan from a commercial bank
The main opposition party likewise implicated the administration of stopping working to support the tradition of sensible management of the state’s limited resources.
“The administration of Governor Seyi Makinde has failed to sustain the legacy of prudent and accountable management of resources. In less than a year, the table has turned for the bad as what the people of Oyo State experience at the moment is a government without direction.
“The whole world was again taken aback, on Tuesday, when it was reported that Governor Makinde was to get a fresh loan of N20bn. That brought the sum total of loan facilities already taken, in about 11 months, to over N40bn. The previous being an N10bn Infrastructure loan; N7.6billion Agricultural loan purportedly for the upgrade of two farm settlements in Akufo and Eruwa; and another N2.5bn health loan.
In a statement signed by its state Assistant Promotion Secretary, Ayobami Adejumo, the APC said,
“All this happened at the same period when monthly federal allocations, refunds from the Federal Government, monetary grants and donations came in simultaneously and without anything to show for it.