Monday, November 30, 2020
Ogun Assembly Approves 250 Billion Naira Loan

The Ogun State House of Assembly has approved the State Government’s access to N250bn as a 3-year Medium-Term Expenditure Framework, MTEF Programme.

The loan is to be accessed in tranches of N100bn annually and the credit facility is aimed at growing the State’s economy.

The low-interest facility was popularly supported by all lawmakers, to grow the economy post COVID-19, and may be accessed through any of the designated methods as may be approved by regulatory authorities.

(R-L)Prince Dapo Abiodun (Ogun state Governor) and Hon. Kunle Oluomo (Ogun state speaker)

The State Governor Dapo Abiodun thanked members of the State Assembly for their in-depth understanding of the need to return the state local economy to the momentum it started with, especially now in preparation for the aftermath of the raging pandemic.

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