Oyo Assembly Approves Makinde’s #7.6 Billion Agric Loan


…To Pilot Projects Take Off In Ibadan, Ibarapa

The Oyo State House of Assembly on Thursday approved the request of Governor Seyi Makinde to access 7.6 billion naira agricultural loan from the Central Bank of Nigeria, CBN.

The request was contained in a letter sent to the Assembly by the Executive and read by the Speaker, Rt. Hon. Adebo Ogundoyin at the plenary.

The government was seeking to access the loan to develop Akufo and Eruwa farm settlements into farm estates, which will serve as pilot projects that will develop other farm settlements across the state.

Reacting to the request of the Executive, Isiaka Tunde (Oyo East/West) and Dele Adeola (Iseyin/ Itesiwaju) stressed the need for Governor Makinde to spread the scope of the loan to other zones in the state and not only the two farm settlements.

Also contributing, the deputy Speaker, Abiodun Fadeyi and the Minority Leader, Asimiyu Alarape, supported the call for the extension of the same project to other areas across the state.

The lawmakers however urged the Executive to ensure judicious use of the loan to enable it achieve the purpose for which it is sought.


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