Ogun Assembly approves governor’s request for N1.5 billion central bank loan

FG Releases Primary/Secondary School Calendar for the 2019/2020 Academic Session - Click Here for Details

The Ogun House of Assembly has granted Governor Dapo Abiodun’s request to access N1.5 billion loan under the Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme.

This followed the adoption of a motion by Yusuf Sheriff (APC-Ado Ota I) and seconded by Sikiratu Ajibola (APM- Ipokia) at plenary on Friday.

Leading the debate on the motion, Olakunle Sobukanla (APC-Ikenne), noted that it was important for the State Government to participate in the CBN programme by accessing the fund.

Read Also  Graduates form cluster groups, start cassava agribusiness

Sobukanla said that the loan would greatly enhance government’s wealth creation and employment generation efforts for the teeming youths.

Abayomi Fasuwa (APC-Ijebu North East), commended government for deeming it fit to participate in the CBN’s Anchor Borrowers Programme.

Fasuwa noted that the programme will boost the agricultural sector of the state.

Also, Oludaisi Elemide (APC-Odeda), noted that the programme would help create employment opportunities for youths and earn the state foreign exchange.

Elemide explained that the pursuit of Abiodun’s administration is to ensure sustainable economic development and prosperity of residents through food production and added value chain.

Read Also  Yam exports to U.S., Britain record 90%, 50% success

The Speaker, Olakunle Oluomo, who presided over the plenary put the request to a voice vote and it was unanimously adopted.

Oluomo had, on September 16, read the letter from the governor seeking approval to access a concessionary loan of N1.5billion from CBN under the Anchor Borrowers’ Programme.

Click Here to Join Newsnow Nigeria WhatsApp Group for Breaking News Alerts More News

Follow Us on FACEBOOK, TWITTER

Read Also  Merger with Diamond Bank: Access launches new brand logo (Photo)

Do You Know Nigeria? Attempt 10 simple questions on Nigeria for FREE and Win FREE N500 Airtime - Click Here to Participate!

For your news articles, press release, Breaking News, send e-mail to [email protected]

Get the latest BREAKING NEWS inside your e-mail address inbox; fill the form below and click the subscribe button