Wale Oyewale, IbadanThe Oyo State Government has approved N100bn private bond tagged the Oyo Prosperity Bond to facilitate the execution of priority projects in a bid to drive the state’s economic development. This was disclosed in Ibadan by the Commissioner for Information, Culture and Tourism, Dr Wasiu Olatubosun, after the weekly State Executive Council meeting. The commissioner stated further that the state would upgrade one government hospital in each of the three senatorial districts of the state. “The state government has approved Oyo State Prosperity Bond to allow for quick completion of these iconic priority projects.”However, the All Progressives Congress in Oyo State decried what it described as Governor Seyi Makinde’s financial recklessness occasioned by administrative naivety. “How do we explain seeking N100bn bond when we are yet to see anything tangible to point to for the accrued N39.5bn debts?”Copyright PUNCH.

Source: Punch July 22, 2020 23:37 UTC