Abeokuta—The Ogun House of Assembly, yesterday gave approval to Governor Ibikunle Amosun’s request to access N65.7 billion loan for development projects.
Mr Adeyinka Mafe, the Majority Leader, moved the motion for the approval of the loan facility, while it was seconded by Mr Razak Oduntan.
The governor had on Tuesday, wrote to the House seeking 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 important 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 realistic.