…Says Oyo can’t get out of infrastructural deficit without taking loans
By Adeola Badru
Following the backlash that greeted the issuance of the N100 billion bond by the Oyo State government, Governor Seyi Makinde, has disclosed that the only way the state could break the jinx of infrastructural deficit was to take loans.
The governor made the disclosure, while singing into law, the state’s revised 2020 appropriation bill, held at the Government House, Agodi, Ibadan.
Makinde’s rebuttal came on the heels of the war of words from the opposition on the approval of the governor for the issuance of a N100 billion private bond tagged: “Oyo Prosperity Bond” to facilitate the execution of priority projects that would further drive economic development in the state.
He hinted that the fund would be raised in two tranches of N50 billion each for the construction of the 50 kilometre Iseyin-Ogbomoso road, the Ibadan Circular Ring-Road and Ibadan Airport…
Source: Vanguard Newspaper
