Local News

Oyo Assembly Grants N50 Billion Loan For Makinde

VOICE AIR MEDIA

THE Oyo State House of Assembly has granted the request of Governor Seyi Makinde to access N50 billion revolving overdraft for recurrent and capital expenditures in the state.

The approval was a sequel to a request letter sent to the assembly by the governor and read at the plenary on Tuesday by the speaker, Adebo Ogundoyin.

Makinde in the letter said, “The request is part of the efforts of the present administration towards financing its recurrent expenditure which includes salary and conventions, capital expenditure and support/finance various contractual obligations.

“The facility is for a period of 45 months at a concessionary rate of 25.1% per annum.

“This is subject to review in line with the prevailing money market conditions.”

VAM News

Recent Posts

Hon. Aderemi Guilder Debunks Stepping Down Rumour, Says He’s Still in Race for Idanre Assembly Seat

Our attention has been drawn to a rumour circulating around claiming that Hon. Oyewole Aderemi,…

15 hours ago

Outrage as tinubu addresses plateau victims at airport

Some residents of Plateau State have berated President Bola Tinubu following his visit to the…

20 hours ago

Gov. Adeleke Congratulates OOPA Chairman Lawrence Abioye, Other Excos, Harps on Professionalism

Osun State Governor, Senator Ademola Adeleke has congratulated the new leadership of Osun Online Publishers…

1 day ago

Tinubu administration Rolls Out CCTV Plan

News Update President Bola Tinubu on Thursday ordered the installation of over 5,000 surveillance cameras…

1 day ago

OAU Launches ₦150m MicCom Endowment Fund in Honour of Ponnle Couple

The Obafemi Awolowo University (OAU), Ile-Ife, on Thursday hosted the inauguration of a ₦150 million…

1 day ago

LG: Orolu Community Residents Jubilate as Council Embarks On Massive Roads Grading

...Say testimony to good governance ... Grassroots development 'II end communal crisis - Council Chair,…

2 days ago