The Oyo State chapter of the All Progressives Congress (APC) and the Peoples Democratic Party (PDP) have continued to trade words over the approval of N100billion bond by Governor Seyi Makinde for infrastructure development.
While the APC described the decision by the state governor to borrow another N100 billion loan as the most insensitive step at this stage, when the state was grabbling with about N40 billion debt, the PDP said that the APC lacked the rudiments of public finance.
The APC noted that the governor was naive to borrow another N100 billion when there was nothing to show for the N39.5 billion loan he had already taken.
The opposition faulted the PDP-led government over its allleged failure to fulfil electoral promises with utmost disregard to the feelings of the masses.
The APC’s publicity secretary, Dr. Abdul Azeez Olatunde, in a statement expressed surprise that Governor Makinde who promised to take Oyo State finances away from relying on federal allocation within six to12 months of assumption of office had developed an uncontrolled appetite for loans.
“This is the governor who bragged in his inauguration address of exporting maize to Botswana to attract foreign exchange to boost Oyo State Internally Generated Revenue (IGR) and in fact a lot of campaign
lies to get people’s votes.
“This is the governor that was shouting on the rooftop of meeting debt from his predecessor in the early hours of assumption of governance, thinking that his own government would not add to the debt profile of Oyo State at all.”