✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

Oyo assembly okays N50bn loan for Makinde

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.

SPONSOR AD

“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.”

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.

Breaking NEWS: Nigerians can now earn US Dollars. Earning $15,000 (₦25 million naira) Monthly as a Nigerian is no longer complicated.


Click here to start.