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Makinde’s N100bn Bond Targeted At Capital Projects- Oladimeji Segelu

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Makinde’s N100bn Bond Targeted At Capital Projects- Oladimeji Segelu


The Chief Executive Officer (CEO) of YSEG Hotels and Suites, Ibadan and a politician from Lagelu/Akinyele Federal Constituency, Hon. Olayinka Oladimeji Segelu, agrees with the CPS that the proposed N100b bond when accessed will be judiciously applied for the betterment of the people by the Makinde-led government. Segelu, like some other citizens of the state, is of the view that Makinde has so far demonstrated pragmatic and purposeful leadership, indicating that he is poised to take the state to a new era of prosperity.

Asserting that Makinde is a genuine leader who actually understands what governance is all about, and puts the needs of the people first, Segelu said: “The opposition is probably opposed to it (the N100b bond) in response to our earlier position on the legion of debts the immediate past administration left for the present administration which was generally condemned. The previous debt profile of the state was of no economic value to the people of the state. Hence, the startling revelations of fraudulent activities shortly after the then APC led government left.

“The present PDP led government, however, has shown to the whole world that it meant well for the people and determined to alleviate their sufferings. The N100b bond the government intends to secure from the financial system is project-targeted. Go and check the details of the bond and you would see that the government really meant well for the state. In most cases, the projects would energize the economic activities of the people and by extension, the state which will invariably set in motion a smooth process of repaying the bond without hurting the people of the state.

“Let me add that taking loans or bonds is not completely bad. But it must be judiciously used in such a way that it will not become a liability for the state and the generations unborn. The people of the Oyo State should be rest assured that the money will not end up in private pockets of a few people as we witnessed in the previous government. Makinde has proved to be different as seen in his style of leadership and approach to governance. Therefore, he can be trusted. The opposition members shouting at the top of their voices against the proposed bond do not want anything good for our dear state. With Makinde in the saddle, Oyo is safe!”

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