Oyo State government has identified inadequate funds as the bane of infrastructural development in the last three years.
The state government said due to the issue of COVID-19 which had adverse effects on the world economy, the country’s resources have been dwindling which had also affected the allocation to states of the federation.
The executive assistant to Oyo State governor on administration and general services, Reverend Idowu Ogedengbe, who stated this while featuring on Nigeria Union of Journalists (NUJ) Correspondent Chapel “Guest Forum” in Ibadan, disclosed that the dwindling allocation from the Federal Government had affected development in the state.
While noting that the state government had been able to move the Internally Generated lots (IGR) from N45 million to N3.3 billion monthly, he added that the state had placed its priority on four pillars which included education, health, expanded economy and security.
According to him, if the two major sources of resources (allocation and IGR) for the state had been better, significant infrastructural development would have been achieved.
“The state will have done much better. If there is adequate funding, the investment sector of the economy will be rapid while rapid investment will follow,” he said.
In the area of security, the executive assistant disclosed that the state government had concluded plans to curb the influx of Okada riders from neighbouring West African countries to the state.
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