The Ogun State House of Assembly has granted Governor Dapo Abiodun’s request for a N250 bn bond spread through three years.

Putting Ogun economy back on track

The Ogun State House of Assembly has granted Governor Dapo Abiodun’s request for a N250 bn bond spread through three years.

The money will be sourced from bond issuance, public offering, etc, as approved by regulatory authorities. The governor will get N1bn per year and access to other tranches are subject to satisfactory performance by the governor and further approval of the State House of Assembly.

The money, we understand, is to be expended on projects dear to the hearts of the people of the three senatorial zones in the state. It will help Governor Abiodun to fulfill his electoral promises.

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Before drawing up the current budget, Governor Abiodun toured the books and crannies of Ogun State asking stakeholders to state the projects they want. This man clearly means well and we should all support him. He wants development everywhere, not just the state capital.

He will use the three-year Medium -Term Expenditure Frame Work ( MTEF) ti stimulate and grow the Ogun economy

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Kudos to Speaker Oluomo and all House members. The lockdown will hopefully be lifted fast enough and things normalized. The economy needs to be back on track!!