Oyo Assembly Approves Makinde’s N50bn Loan Request For Projects

Oyo State House of Assembly has approved a N50 billion loan by Governor Seyi Makinde for the payment of ongoing projects and new infrastructure projects across the state.

This was sequel to a letter forwarded to the state Assembly by the governor, read on the floor of the state Assembly presided over by the Deputy Speaker Hon. Abiodun Fadeyi.

According to the letter the loan is to be sourced from the First bank Plc and the repayment mode will be within 48 months which will lapse during the second term of Governor Makinde.

Deliberating on the letter the majority leader Hon. Sanjo Adedoyin and Hon. Gabriel Babajide representing Ibadan North II stated that the loan will help in payment of ongoing projects and new infrastructure projects across the state.

The state’s House of Assembly has also received the nominee for the position of the Chief Judge of the state.

The name of the nominee Justice Iyabo Yerima was forwarded to the state Assembly by Governor Seyi Makinde and read on the floor of the house by the deputy Speaker Hon. Abiodun Fadeyi who presided over the house.