The All Progressives Congress APC in Oyo state has vehemently opposed the approval granted Governor Seyi Makinde by a group of the State legislators to obtain a fresh loan facility totalling N200billion stating that eminent citizens across the country must rise up and prevail on the governor to drop the idea in the interest of the state.
Impeccable sources have it that Gov. Makinde sought and got express approval on Tuesday through the action of the Speaker of the State House of Assembly, Honorable Debo Ogundoyin, and few of his colleagues who treated a letter of request for loan said to have been dated March 13, 2025. The governor in his letter said that the reason for the fresh loan facility was to buy over an existing one from a named commercial bank.
In a statement issued on Tuesday and made available to journalists in Ibadan by its Publicity Secretary, Olawale Sadare, Oyo APC said that it opposed the idea of a fresh N200billion loan which Gov. Makinde clandestinely sought and got approval for from a handful number of the state lawmakers.
“Another devastating news came from the Oyo State House of Assembly today as the Speaker and a few members of the legislative chamber loyal to him approved the fraudulent loan request from the governor even without the knowledge of most of their colleagues even as the decision was contained in the post-plenary document released by the Clerk of the House.
“The reality on ground cannot justify the over N300billion debt which Gov. Makinde has incurred through fraudulent loans in the last six years. If the previous loans were committed to infrastructural growth, economic build up, food security through sustainable agricultural revolution among other things, there would not have been any cause to worry but the present PDP administration has demonstrated that it was out to ruin the future of the state by plunging the state into financial mess.
“For the avoidance of doubt, Gov. Makinde receives an average of N11billion in federal allocation and another N11billion from Abuja on behalf of the 33 local government councils while the least he gets in Internally Generated Revenue is N3billion making it, at least, N25billon every month. The question on the lips of the informed citizens now is about what he does with the huge resources and why the need for huge loan facilities again?
“Gov. Makinde sits on public funds totalling billions of naira every day but Oyo state cannot pay its workers in all the state-owned tertiary institutions living wages. The same Oyo state cannot boast of five good fire trucks to tackle emergencies. Farmers in the state cannot get tractors and other modern equipment to help their agricultural practices while teaching and learning in public primary and secondary schools across the state have been excruciating and the rots continue.
“Gov Makinde who has failed to deliver ordinary bus terminal in six years after taking over N20billion out the coffers of the state for the project has again discovered another conduit in an airport upgrade project and he wants us to pretend that everything is alright. By and large, the way and manner which the approval for the fresh N200billion was sought and got has further exposed the Speaker as a willing tool in the hands of Gov. Makinde but the truth of the matter is that no culprits would go scot free when it is time for justice.” Sadare added.
