Amosun's Request For N65.7bn Loan Has Been Approved By Ogun Assembly

The Ogun House of Assembly, yesterday had  given the approval of N65.7bn to Governor  Ibikunle Amosun, which he had earlier requested in other to carry out the development projects in his State.

 

The Majority Leader, Mr Adeyinka Mafe, moved the motion for the approval of the loan facility, while Mr Razak Oduntan seconded the motion.

Amosun had on Tuesday, wrote to the House requesting its approval to access a N65.7 billion loan facility from domestic and foreign banks for development projects.

Opening the debate on the governor’s request, Mafe explained that the said amount was provided for as capital receipt in the 2017 budget approved by the House.

Mr Olusola Bankole, the Chairman, House Committee on Finance and Appropriation, said that it was necessary for the house of assembly to give approval to the government to access the loan. Bankole stated that there was need to take an urgent step to ensure that the budget of 2017 was authentic.