World Bank assisted projects: Oyo assembly grants Makinde’s request to secure N10bn loan 

Oyo state House of Assembly on Tuesday approved the request of Governor Seyi Makinde to access N10 billion loan facility to provide counterpart funding for World Bank assisted projects/UBEC-SUBEB matching grant.

The approval was sequel to a letter of request sent to the state assembly by Governor Makinde and read by the speaker, Hon. Adebo Ogundoyin.

Hon Ogundoyin stressed that the letter stated that the state counterpart funding was required to facilitate the release of donor funds to Oyo state and that World Bank assisted projects are meant to complement the drive by the Oyo state government to improve the welfare of the citizens of the state.

According to the letter, the loan facility which is to be secured from Fidelity Bank is repayable for a period of 30 months.

The lawmakers n their deliberations, some of the lawmakers appealed to Governor Makinde to continue to give priority to projects and programs that will enhance the living standards of the people.