The Oyo State House of Assembly, on Tuesday, approved Governor Seyi Makinde’s request to access N20bn loan from First Bank of Nigeria Plc.

The Oyo state House also okayed the request by the governor to access N2.5bn Central Bank of Nigeria credit support intervention fund for the health sector.

Makinde sought the approval of the legislature in two separate letters of request forwarded to the Oyo State House of Assembly and read at the plenary by the Speaker, Adebo Ogundoyin.

The governor, in the request, noted that the N20bn loan facility became imperative in view of the dwindling revenue accruable to the state from the Federation Account and the drop in Internally Generated Revenue in the wake of the COVID-19 pandemic.

He said the money would be used to fund and support priority projects to boost economic activities in the state.

The Speaker said the House approved the requests of the governor in view of the importance the administration attached to infrastructural development, especially the construction and rehabilitation of roads and other social amenities, as well as the need to upgrade health facilities in order to combat coronavirus and other health challenges.

 

Previous articleIT IS BACK!!! BBNaija Announces Date For Season 5 Audition, Lists Criteria
Next articleJUST IN!!! Fani Kayode Set To Sponsor Scholarships For 300 Nigeria Students
DJ Chascolee is a One of Nigeria's Top DJ. With his passion for music and entertainment in Nigeria, he delivers juicy information cutting across entertainment, lifestyle, gossip, sports, and all. Don't forget that i CAN DJ that Function,from: Birthdays,AGMs,Club Rave,Product Launches,Weddings, Dinner Parties,Beach Parties,After Parties ceremony,Traditional Events,Pro Events Solutions.. Rainbow 94.1fm DJ/Solid100.9fm Dj /Rave91.7fm DJ We Also Offer: Promo On All Nigeria Radio Stations Top blogs and online music stores Alaba, Onitsha & Enugu Promotional Mixtapes 3 Months Circulation Street Djs , Club Djs, Mix Djs, Djs Association Dj's Mixtape Inter States Artiste club Tour Artiste Radio Tour Inter States mixtape and Distribution Verified Accounts Sponsored Ads Trends & Hypes Dj Chascolee Entertainment Follow us on: WhatsApp Lines.. ☎: - +2347034456612 ||+2348055341964 Τωϯ: - @djchascolee || Instagram: - @djchascolee ||

Leave a Reply