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

Nigerian Army names new GOCs, commanders

Nigerian Army has announced a major reshuffle of its senior leadership, with the appointment of…

19 minutes ago

Tinubu Signs NIMC Act 2026 Into Law: Benefits Unveiled

President Bola Tinubu on Friday signed the National Identity Management Commission (NIMC) Act 2026 into…

2 hours ago

UNIOSUN students protest colleague’s death, laments poor health facilities

...varsity reacts Students of Osun State University, UNIOSUN, have staged a protest at the institution’s…

13 hours ago

Osun Amotekun Boss Debunks Hilux Gift Allegation From Deji Adeleke

The Corps Commander of the Osun Amotekun Corps, High Chief Dr. Hon. Adekunle Isaac Omoyele,…

17 hours ago

Tinubu Appoints Obi as Chairman of new agency

President Bola Tinubu has appointed Dr Obi Adigwe as the National Coordinator of the newly…

17 hours ago

‘Don’t Drag Ataoja Stool Into Politics’ – Osogbo Indigenes Reject Accord Palace Meeting

A group of Osogbo indigenes, Oroki United Front, has called on the Ataoja of Osogbo,…

18 hours ago