The Oyo State House of Assembly has approved the state government’s application for N14.16 billion loan facility from the Federal Government’s N510 billion guaranteed loan.
The Assembly had on Tuesday held an emergency plenary to consider the request as contained in a letter sent by the state governor, Senator Abiola Ajimobi.
The resolution of the Assembly on the loan was part of the conditions set by the Federal Ministry of Finance in granting the loan facility to states.
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Added June 28, 2016
from Tribune News