Oyo State House of Assembly has approved the request of the executive arm to obtain N10 billion loan to improve infrastructure in the state.

The lawmakers approved the loan, which will be obtained from First Bank of Nigeria (FBN), United Bank Africa (UBA) and Unity Bank, during plenary yesterday.

Speaking on the urgent need for swift approval of the request, the speaker, Adebo Ogundoyin, noted that the fund would enable the Governor Seyi Makinde-led administration to hit the ground running.

According to him, the state’s financials demand external source of fund to build good roads and other facilities for the people.He said, “We cannot keep complaining about the financial mess in which we have found ourselves, because governance is a continuum. We just have to take responsibility and move on.”

https://guardian.ng/news/oyo-assembly-approves-n10b-loan-for-makinde/amp/

Now now u don start to borrow?

Great

Rubber stamp legislature.... Approve loan within minutes of being read without any explanation on the purpose of the loan........ I thought this man promised to do things differently, is this how he intends to govern the state into debts? Where are all the innovation he promised to introduce to improve the states finances?....when those who knows are telling him to promise little they were called enemies, they said Oyo state has money, Ajimobi was just being wicked and not spending the mooney now their eyes have opened to the reality.

Is this not the billionaire governor? Why couldn't he borrow the state some of his billions

Rubber stamp legislature.... Approve loan within minutes of being read without any explanation on the purpose of the loan........ I thought this man promised to do things differently, is this how he intends to govern the state into debts? Where are all the innovation he promised to introduce to improve the states finances?....when those who knows are telling him to promise little they were called enemies, they said Oyo state has money, Ajimobi was just being wicked and not spending the money now their eyes have opened to the reality.

Ok good

Difrent:
Rubber stamp legislature.... Approve loan within minutes of being read without any explanation on the purpose of the loan........ I thought this man promised to do things differently, is this how he intends to govern the state into debts? Where are all the innovation he promised to introduce to improve the states finances?....when those who knows are telling him to promise little they were called enemies, they said Oyo state has money, Ajimobi was just being wicked and not spending the money now their eyes have opened to the reality.

How long does it take to reason properly? Do you think everyone will be like Pres. Buhari that take forever to choose Ministers and ended up selecting rubbish.

All of dem na d same

Shebi he's complaining of inheriting debt niii


E don start e own too


Shior!!!

Makinde just entered.oo, PDP are irredeemable liars,. This guy openly said Ajimobi was not doing much and Oyo state is very rich only that tinibu's alphabeta steals everything...

Now before even preparing a proper budget of his own, he wants to borrow 10bn from uba at an intrest rate of over 20% without telling us what its for,

This is my problem.with an engineer handling finacial administration... that was how Aregbe borrowed 1000% higher than his state income and intrest rate started mutiplying the loan astronomically

Oga was cancelling all Goverment Revenue stream to form Mr charity, common school levy of 1000 per.term, oga.cancelled. he even brought Auxiliary back to the state... same NURTW boss arrested in connection to crime



..

wow

ayusco85:
Is this not the billionaire governor? Why couldn't he borrow the state some of his billions

Seriously?

Difrent:
Rubber stamp legislature.... Approve loan within minutes of being read without any explanation on the purpose of the loan........ I thought this man promised to do things differently, is this how he intends to govern the state into debts? Where are all the innovation he promised to introduce to improve the states finances?....when those who knows are telling him to promise little they were called enemies, they said Oyo state has money, Ajimobi was just being wicked and not spending the money now their eyes have opened to the reality.

Quite unfortunate, that our people contribute without objectivity

This is a good move by the Oyo house of assembly

Africa money uga dey chop am yafuyafu

Difrent:
Rubber stamp legislature.... Approve loan within minutes of being read without any explanation on the purpose of the loan........ I thought this man promised to do things differently, is this how he intends to govern the state into debts? Where are all the innovation he promised to introduce to improve the states finances?....when those who knows are telling him to promise little they were called enemies, they said Oyo state has money, Ajimobi was just being wicked and not spending the mooney now their eyes have opened to the reality.

You are saying Nonsense. So, he will use his personal money to run the state Abi. When Ajimobi was leaving, how much did he leave in the government purse. Mr Man, go and eat, it seems you are hungry. Progressive my foot...

Just less than 4 months. What if happen after 4yrs

Abeg! What exactly is the 10billion meant for

Difrent:
Oyo State House of Assembly has approved the request of the executive arm to obtain N10 billion loan to improve infrastructure in the state.

The lawmakers approved the loan, which will be obtained from First Bank of Nigeria (FBN), United Bank Africa (UBA) and Unity Bank, during plenary yesterday.

Speaking on the urgent need for swift approval of the request, the speaker, Adebo Ogundoyin, noted that the fund would enable the Governor Seyi Makinde-led administration to hit the ground running.

According to him, the state’s financials demand external source of fund to build good roads and other facilities for the people.He said, “We cannot keep complaining about the financial mess in which we have found ourselves, because governance is a continuum. We just have to take responsibility and move on.”

https://guardian.ng/news/oyo-assembly-approves-n10b-loan-for-makinde/amp/

can somebody advise me on the debt profile of OYO STATE?

mascotblaze:

Seriously?

Unseriously

E b like say we Don enter one chance,this one no even wait till like a year b4 he starts borrowing....

obembet:
Just less than 4 months. What if happen after 4yrs

HE NEEDS TO SETTLE THOSE WHO SPONSORED HIM FOR ELECTION ,SO THAT HE CAN CONCENTRATE ON HIS OFFICE.
MO SORRY GAN NI-------O.Y.O NA UNA DEY?

SAMTOBIJU:
You are saying Nonsense. So, he will use his personal money to run the state Abi. When Ajimobi was leaving, how much did he leave in the government purse. Mr Man, go and eat, it seems you are hungry. Progressive my foot...

Are you mad? Where did I mention him using his money, I only asked where are the innovations he promised, did he say he was going to plunge Oyo into debts? Mr man I know Seyi is not yet sharing money to you hungry folks that voted for him so I understand your misery but don't drag me into it