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Oyo State Contingency Trust Fund Bill Passes First Reading

General News

Oyo State Contingency Trust Fund Bill Passes First Reading

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The Oyo State Oyo of Assembly has commenced bill for a law to establish Oyo State Contingency Trust Fund Management and other matters connected.

The bill which was read for the first time on the floor of the house on Wednesday is to setup an agency to manage some urgent or unforeseen expenditure of the government.

While reading the message from the Executive, Rt. Hon. Adebo Ogundoyin noted that the proposed law is in response to the recent crowd funding and donations made towards the COVID-19 pandemic for the State.

He said, “this administration considered the need to enact a law that would allow government to monitor and manage all such funds made for contingencies situation in the State to ensure effectiveness and unnecessary bridge of functions.”

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