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Oyo Assembly Pends Approval Of Makinde’s N100b Bond Request

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Oyo Assembly Pends Approval Of Makinde’s N100b Bond Request

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…..Fatokun Urges Executive to Speed up Set up of Oyo Debt Management Agency

The Oyo State House of Assembly has pend the approval of N100 billion Bond request by the state governor, Engr. Seyi Makinde.

The governor, in a letter to the state’s assembly and read by the Speaker, Hon. Adebo Ogundoyin on the floor of the House, requested the approval of the House to secure the loan.

After series of arguments for and against by the lawmakers, Hon. Ogundoyin succumbed to the motion moved by the Deputy Speaker, Mohammed Fadeyi, representing Ona-Ara state constituency and  Hon. Ayotunde Fatokun, representing Akinyele state constituency 1 to pass the request to the House Committee on Public Accounts, Finance and Appropriation for proper consideration.

According to Ayo Fatokun who doubles as the Chairman Parliamentary Council, his words:

“We have created a guide for the committee on Public Account and Finance and Appropriation to work with. To see the immediate and future impact of the loan on the state.

“Without infrastructural development, a state cannot develop or attract both local and international investors. So it’s important we support the efforts of the executive.”

Fatokun urged the Executive to speed up the setup of the Oyo State Debt Management Agency to ensure we have first hand guidance in the future before such requests are brought forward to guild everyone.

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