OYO ASSEMBLY APPROVES N100BN LOAN, N300BN DEBT REFINANCING DEAL
The Oyo State House of Assembly has approved a ₦100 billion loan facility from United Bank for Africa (UBA) to fund infrastructure projects and other development initiatives across the state’s 33 local government areas. The lawmakers also approved a separate ₦300 billion facility to refinance an existing contractors’ finance facility obtained by the state government from Access Bank. The approvals followed a request by Governor Seyi Makinde, contained in a letter addressed to the Speaker of the Assembly, Adebo Ogundoyin, […]